Envestnet Asset Management Inc. boosted its stake in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 122.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,881 shares of the company’s stock after purchasing an additional 39,600 shares during the quarter. Envestnet Asset Management Inc. owned about 0.76% of iShares CMBS ETF worth $3,502,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CMBS. Insight Wealth Partners LLC lifted its stake in shares of iShares CMBS ETF by 2.9% in the second quarter. Insight Wealth Partners LLC now owns 53,573 shares of the company’s stock worth $2,610,000 after buying an additional 1,500 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in iShares CMBS ETF by 4.8% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 6,278 shares of the company’s stock worth $306,000 after acquiring an additional 288 shares during the period. Systelligence LLC lifted its position in iShares CMBS ETF by 34.7% during the 2nd quarter. Systelligence LLC now owns 165,931 shares of the company’s stock worth $8,084,000 after acquiring an additional 42,727 shares during the last quarter. Columbus Macro LLC lifted its position in iShares CMBS ETF by 25.8% during the 2nd quarter. Columbus Macro LLC now owns 23,432 shares of the company’s stock worth $1,142,000 after acquiring an additional 4,801 shares during the last quarter. Finally, Truist Financial Corp bought a new stake in iShares CMBS ETF during the second quarter valued at about $230,000.
iShares CMBS ETF Stock Down 0.2%
Shares of NYSEARCA:CMBS opened at $48.94 on Friday. The stock’s 50-day moving average is $49.11 and its 200-day moving average is $48.66. iShares CMBS ETF has a 52-week low of $46.74 and a 52-week high of $50.09.
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.
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