LGT Financial Advisors LLC Has $246,000 Stock Position in iShares CMBS ETF (NYSEARCA:CMBS)

LGT Financial Advisors LLC reduced its position in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 87.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,237 shares of the company’s stock after selling 37,307 shares during the quarter. LGT Financial Advisors LLC’s holdings in iShares CMBS ETF were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gradient Investments LLC lifted its position in iShares CMBS ETF by 356.8% during the 2nd quarter. Gradient Investments LLC now owns 1,978 shares of the company’s stock worth $93,000 after acquiring an additional 1,545 shares during the last quarter. LexAurum Advisors LLC bought a new position in shares of iShares CMBS ETF in the first quarter worth about $210,000. Csenge Advisory Group acquired a new position in shares of iShares CMBS ETF during the 1st quarter worth about $230,000. Horizon Financial Services LLC bought a new stake in iShares CMBS ETF during the 1st quarter valued at approximately $331,000. Finally, Hoxton Planning & Management LLC acquired a new stake in iShares CMBS ETF in the 2nd quarter valued at approximately $365,000.

iShares CMBS ETF Trading Down 0.0 %

Shares of CMBS stock opened at $48.37 on Friday. iShares CMBS ETF has a 12 month low of $44.19 and a 12 month high of $49.17. The stock has a 50 day moving average of $47.61 and a 200-day moving average of $46.95.

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.