Bank of America Corp DE Cuts Holdings in iShares CMBS ETF (NYSEARCA:CMBS)

Bank of America Corp DE decreased its holdings in iShares CMBS ETF (NYSEARCA:CMBS) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 250,564 shares of the company’s stock after selling 9,194 shares during the period. Bank of America Corp DE owned 2.85% of iShares CMBS ETF worth $11,827,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its holdings in iShares CMBS ETF by 61.1% in the fourth quarter. Wells Fargo & Company MN now owns 184,864 shares of the company’s stock worth $8,726,000 after purchasing an additional 70,118 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares CMBS ETF in the fourth quarter worth about $2,629,000. Ocean Park Asset Management LLC acquired a new position in shares of iShares CMBS ETF during the 4th quarter worth about $2,199,000. U.S. Capital Wealth Advisors LLC purchased a new stake in iShares CMBS ETF during the 4th quarter valued at about $2,148,000. Finally, GEN Financial Management INC. purchased a new stake in shares of iShares CMBS ETF in the 4th quarter valued at approximately $726,000.

iShares CMBS ETF Stock Performance

Shares of CMBS stock opened at $48.06 on Friday. The firm’s 50 day moving average price is $47.99 and its 200-day moving average price is $47.69. iShares CMBS ETF has a one year low of $46.02 and a one year high of $49.18.

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.