Raymond James Financial Inc. Invests $2.63 Million in iShares CMBS ETF (NYSEARCA:CMBS)

Raymond James Financial Inc. bought a new position in shares of iShares CMBS ETF (NYSEARCA:CMBS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 55,707 shares of the company’s stock, valued at approximately $2,629,000. Raymond James Financial Inc. owned about 0.63% of iShares CMBS ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. IFP Advisors Inc raised its holdings in shares of iShares CMBS ETF by 572.0% during the 4th quarter. IFP Advisors Inc now owns 2,762 shares of the company’s stock worth $130,000 after acquiring an additional 2,351 shares in the last quarter. Jones Financial Companies Lllp increased its position in iShares CMBS ETF by 8.4% in the fourth quarter. Jones Financial Companies Lllp now owns 10,819 shares of the company’s stock worth $511,000 after purchasing an additional 836 shares during the last quarter. City Center Advisors LLC purchased a new stake in iShares CMBS ETF during the fourth quarter valued at $223,000. Rosenberg Matthew Hamilton lifted its position in iShares CMBS ETF by 16.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 15,097 shares of the company’s stock valued at $713,000 after purchasing an additional 2,168 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of iShares CMBS ETF in the 3rd quarter worth $3,086,000.

iShares CMBS ETF Stock Performance

iShares CMBS ETF stock opened at $48.07 on Friday. The company’s 50-day moving average price is $47.76 and its 200-day moving average price is $47.74. iShares CMBS ETF has a twelve month low of $45.76 and a twelve 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.