Envestnet Portfolio Solutions Inc. lessened its position in iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 17.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 17,723 shares of the company’s stock after selling 3,730 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares CMBS ETF were worth $863,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CMBS. Boyd Watterson Asset Management LLC OH acquired a new position in shares of iShares CMBS ETF in the first quarter valued at approximately $28,000. Truist Financial Corp acquired a new position in shares of iShares CMBS ETF in the second quarter valued at approximately $230,000. City Center Advisors LLC raised its position in shares of iShares CMBS ETF by 10.3% in the second quarter. City Center Advisors LLC now owns 5,767 shares of the company’s stock valued at $281,000 after buying an additional 538 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in iShares CMBS ETF by 7.3% in the first quarter. Cullen Frost Bankers Inc. now owns 5,990 shares of the company’s stock valued at $288,000 after purchasing an additional 409 shares during the period. Finally, OLD Mission Capital LLC purchased a new stake in iShares CMBS ETF in the first quarter valued at approximately $451,000.
iShares CMBS ETF Stock Performance
iShares CMBS ETF stock opened at $49.39 on Monday. iShares CMBS ETF has a 1 year low of $46.74 and a 1 year high of $50.09. The firm has a 50 day moving average price of $49.01 and a 200 day moving average price of $48.50.
iShares CMBS ETF Company 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.
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