iShares CMBS ETF (NYSEARCA:CMBS) Sees Strong Trading Volume – Should You Buy?

iShares CMBS ETF (NYSEARCA:CMBS) shares saw unusually-high trading volume on Friday . Approximately 112,086 shares were traded during trading, an increase of 95% from the previous session’s volume of 57,522 shares.The stock last traded at $49.47 and had previously closed at $49.43.

iShares CMBS ETF Price Performance

The stock’s 50 day moving average price is $49.16 and its two-hundred day moving average price is $49.06.

Institutional Investors Weigh In On iShares CMBS ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CMBS. MidAtlantic Capital Management Inc. bought a new position in shares of iShares CMBS ETF in the fourth quarter worth about $42,000. Aptus Capital Advisors LLC acquired a new stake in iShares CMBS ETF in the 3rd quarter valued at approximately $49,000. Geneos Wealth Management Inc. increased its position in iShares CMBS ETF by 596.6% in the 3rd quarter. Geneos Wealth Management Inc. now owns 2,689 shares of the company’s stock worth $132,000 after buying an additional 2,303 shares during the period. MAI Capital Management lifted its holdings in shares of iShares CMBS ETF by 190.0% during the third quarter. MAI Capital Management now owns 2,900 shares of the company’s stock worth $142,000 after buying an additional 1,900 shares during the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in shares of iShares CMBS ETF by 4,772.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,216 shares of the company’s stock valued at $157,000 after acquiring an additional 3,150 shares during the period.

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.