Envestnet Asset Management Inc. Buys 3,380 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Envestnet Asset Management Inc. grew its stake in iShares CMBS ETF (NYSEARCA:CMBS) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,228 shares of the company’s stock after purchasing an additional 3,380 shares during the period. Envestnet Asset Management Inc. owned about 0.33% of iShares CMBS ETF worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in shares of iShares CMBS ETF by 72.1% during the third quarter. Tidal Investments LLC now owns 28,470 shares of the company’s stock valued at $1,389,000 after acquiring an additional 11,924 shares during the last quarter. City Center Advisors LLC acquired a new stake in iShares CMBS ETF in the fourth quarter valued at $223,000. Elevated Capital Advisors LLC raised its position in iShares CMBS ETF by 142.3% during the 4th quarter. Elevated Capital Advisors LLC now owns 12,812 shares of the company’s stock worth $605,000 after purchasing an additional 7,524 shares during the last quarter. Rosenberg Matthew Hamilton lifted its holdings in iShares CMBS ETF by 16.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 15,097 shares of the company’s stock worth $713,000 after buying an additional 2,168 shares during the period. Finally, Decker Retirement Planning Inc. bought a new stake in shares of iShares CMBS ETF in the 4th quarter valued at about $28,000.

iShares CMBS ETF Trading Up 0.5 %

Shares of CMBS stock opened at $48.52 on Wednesday. The business’s 50 day simple moving average is $47.94 and its 200 day simple moving average is $47.65. iShares CMBS ETF has a one year low of $45.76 and a one year high of $49.18.

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.