Ridgewood Investments LLC Sells 1,939 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Ridgewood Investments LLC lessened its stake in iShares CMBS ETF (NYSEARCA:CMBS) by 17.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,253 shares of the company’s stock after selling 1,939 shares during the quarter. Ridgewood Investments LLC’s holdings in iShares CMBS ETF were worth $437,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. LexAurum Advisors LLC increased its position in iShares CMBS ETF by 5.5% during the 3rd quarter. LexAurum Advisors LLC now owns 5,340 shares of the company’s stock valued at $261,000 after purchasing an additional 278 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares CMBS ETF by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 30,031 shares of the company’s stock valued at $1,410,000 after acquiring an additional 394 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares CMBS ETF during the 3rd quarter valued at approximately $32,000. Advisory Alpha LLC increased its holdings in shares of iShares CMBS ETF by 3.5% during the 2nd quarter. Advisory Alpha LLC now owns 45,920 shares of the company’s stock valued at $2,156,000 after purchasing an additional 1,547 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in iShares CMBS ETF in the 3rd quarter worth $78,000.

iShares CMBS ETF Stock Performance

NYSEARCA CMBS remained flat at $47.31 on Friday. 33,261 shares of the company traded hands, compared to its average volume of 37,284. iShares CMBS ETF has a 12 month low of $45.76 and a 12 month high of $49.17. The company’s 50-day moving average price is $47.41 and its two-hundred day moving average price is $47.71.

iShares CMBS ETF Profile

The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.