103,512 Shares of iShares CMBS ETF $CMBS Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new position in iShares CMBS ETF (NYSEARCA:CMBS) during the third quarter, Holdings Channel reports. The firm bought 103,512 shares of the company’s stock, valued at approximately $4,894,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CMBS. Arvest Investments Inc. acquired a new stake in iShares CMBS ETF during the third quarter worth about $24,744,000. Central Bank & Trust Co. acquired a new position in iShares CMBS ETF in the third quarter valued at approximately $9,201,000. Cetera Investment Advisers lifted its holdings in iShares CMBS ETF by 15.5% in the first quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock valued at $7,476,000 after acquiring an additional 20,631 shares during the period. Krilogy Financial LLC lifted its holdings in iShares CMBS ETF by 3.0% in the third quarter. Krilogy Financial LLC now owns 75,129 shares of the company’s stock valued at $3,563,000 after acquiring an additional 2,173 shares during the period. Finally, Hidden Cove Wealth Management LLC purchased a new stake in iShares CMBS ETF in the 3rd quarter worth approximately $2,613,000.

iShares CMBS ETF Stock Performance

iShares CMBS ETF stock opened at $47.76 on Thursday. iShares CMBS ETF has a 12 month low of $47.09 and a 12 month high of $49.89. The stock’s 50 day simple moving average is $47.65 and its two-hundred day simple moving average is $48.49.

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.