State of New Jersey Common Pension Fund D bought a new stake in iShares CMBS ETF (NYSEARCA:CMBS – Free Report) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 110,517 shares of the company’s stock, valued at approximately $5,171,000.
A number of other institutional investors also recently modified their holdings of CMBS. Element Wealth LLC purchased a new position in iShares CMBS ETF in the fourth quarter worth $73,000. Capital Analysts LLC purchased a new position in shares of iShares CMBS ETF during the fourth quarter worth approximately $32,000. Arvest Investments Inc. purchased a new stake in shares of iShares CMBS ETF in the 4th quarter valued at $21,296,000. Fermata Advisors LLC grew its holdings in shares of iShares CMBS ETF by 0.6% during the 4th quarter. Fermata Advisors LLC now owns 150,827 shares of the company’s stock valued at $7,057,000 after purchasing an additional 826 shares during the last quarter. Finally, Kingdom Financial Group LLC. raised its position in iShares CMBS ETF by 36.4% in the 4th quarter. Kingdom Financial Group LLC. now owns 8,065 shares of the company’s stock worth $377,000 after purchasing an additional 2,154 shares during the period.
iShares CMBS ETF Price Performance
iShares CMBS ETF stock traded down $0.04 during trading hours on Friday, reaching $45.93. The company had a trading volume of 44,628 shares, compared to its average volume of 66,877. iShares CMBS ETF has a 12-month low of $44.19 and a 12-month high of $47.56. The company has a 50-day moving average price of $46.63 and a 200 day moving average price of $46.12.
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.
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