Hyundai Investments Co. Ltd. bought a new stake in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,731 shares of the company’s stock, valued at approximately $577,000. iShares CMBS ETF comprises approximately 0.6% of Hyundai Investments Co. Ltd.’s holdings, making the stock its 18th largest position. Hyundai Investments Co. Ltd. owned about 0.12% of iShares CMBS ETF at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CMBS. MidAtlantic Capital Management Inc. purchased a new stake in iShares CMBS ETF during the fourth quarter valued at approximately $42,000. Aptus Capital Advisors LLC purchased a new stake in iShares CMBS ETF during the third quarter valued at approximately $49,000. MAI Capital Management increased its holdings in iShares CMBS ETF by 190.0% during the third quarter. MAI Capital Management now owns 2,900 shares of the company’s stock valued at $142,000 after buying an additional 1,900 shares during the last quarter. Horizon Financial Services LLC increased its holdings in iShares CMBS ETF by 9.7% during the fourth quarter. Horizon Financial Services LLC now owns 3,283 shares of the company’s stock valued at $161,000 after buying an additional 291 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in iShares CMBS ETF during the fourth quarter valued at approximately $246,000.
iShares CMBS ETF Stock Up 0.2%
Shares of CMBS stock opened at $48.56 on Tuesday. iShares CMBS ETF has a 12 month low of $48.09 and a 12 month high of $50.09. The company has a 50 day simple moving average of $48.67 and a two-hundred day simple moving average of $48.99.
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.
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