Commonwealth Equity Services LLC Raises Stake in iShares CMBS ETF (NYSEARCA:CMBS)

Commonwealth Equity Services LLC increased its stake in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 30,906 shares of the company’s stock after buying an additional 871 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares CMBS ETF were worth $1,459,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in CMBS. HighTower Advisors LLC bought a new position in shares of iShares CMBS ETF during the 3rd quarter worth $3,086,000. Raymond James Financial Inc. purchased a new stake in iShares CMBS ETF during the fourth quarter valued at about $2,629,000. Ocean Park Asset Management LLC bought a new position in iShares CMBS ETF during the fourth quarter worth about $2,199,000. U.S. Capital Wealth Advisors LLC purchased a new position in shares of iShares CMBS ETF in the fourth quarter worth about $2,148,000. Finally, Jane Street Group LLC raised its position in shares of iShares CMBS ETF by 43.4% in the third quarter. Jane Street Group LLC now owns 59,969 shares of the company’s stock valued at $2,934,000 after purchasing an additional 18,161 shares during the period.

iShares CMBS ETF Stock Performance

Shares of CMBS stock opened at $48.07 on Friday. The firm’s 50 day moving average is $47.76 and its 200 day moving average is $47.74. iShares CMBS ETF has a 12 month low of $45.76 and a 12 month high of $49.18.

About iShares CMBS ETF

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.