Wells Fargo & Company MN Increases Stake in iShares CMBS ETF (NYSEARCA:CMBS)

Wells Fargo & Company MN raised its holdings in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 61.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 184,864 shares of the company’s stock after purchasing an additional 70,118 shares during the quarter. Wells Fargo & Company MN’s holdings in iShares CMBS ETF were worth $8,726,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. bought a new stake in shares of iShares CMBS ETF during the 4th quarter valued at $28,000. MidAtlantic Capital Management Inc. boosted its stake in iShares CMBS ETF by 65.2% in the 4th quarter. MidAtlantic Capital Management Inc. now owns 1,064 shares of the company’s stock worth $50,000 after purchasing an additional 420 shares during the period. IFP Advisors Inc grew its holdings in iShares CMBS ETF by 572.0% during the 4th quarter. IFP Advisors Inc now owns 2,762 shares of the company’s stock valued at $130,000 after buying an additional 2,351 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of iShares CMBS ETF during the fourth quarter valued at about $216,000. Finally, City Center Advisors LLC bought a new position in shares of iShares CMBS ETF in the fourth quarter valued at approximately $223,000.

iShares CMBS ETF Stock Up 0.2 %

iShares CMBS ETF stock opened at $47.91 on Friday. iShares CMBS ETF has a 1-year low of $45.76 and a 1-year high of $49.18. The firm’s 50 day simple moving average is $47.85 and its 200 day simple moving average is $47.66.

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.