Advisory Alpha LLC Trims Position in iShares CMBS ETF $CMBS

Advisory Alpha LLC trimmed its stake in iShares CMBS ETF (NYSEARCA:CMBS) by 39.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,706 shares of the company’s stock after selling 12,955 shares during the period. Advisory Alpha LLC owned about 0.19% of iShares CMBS ETF worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC raised its stake in shares of iShares CMBS ETF by 19.2% during the first quarter. Jane Street Group LLC now owns 35,391 shares of the company’s stock valued at $1,699,000 after acquiring an additional 5,692 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in iShares CMBS ETF by 122.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 71,881 shares of the company’s stock worth $3,502,000 after purchasing an additional 39,600 shares during the period. AE Wealth Management LLC raised its position in iShares CMBS ETF by 6.4% during the 2nd quarter. AE Wealth Management LLC now owns 397,979 shares of the company’s stock valued at $19,389,000 after purchasing an additional 23,972 shares in the last quarter. Nwam LLC purchased a new stake in shares of iShares CMBS ETF in the 2nd quarter worth $201,000. Finally, Cetera Investment Advisers lifted its holdings in shares of iShares CMBS ETF by 34.7% in the 2nd quarter. Cetera Investment Advisers now owns 23,556 shares of the company’s stock worth $1,148,000 after buying an additional 6,073 shares during the period.

iShares CMBS ETF Stock Performance

Shares of iShares CMBS ETF stock opened at $49.35 on Friday. The stock’s fifty day moving average price is $49.28 and its 200-day moving average price is $49.15. iShares CMBS ETF has a 12 month low of $47.45 and a 12 month 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.