Visa Foundation Takes Position in iShares CMBS ETF $CMBS

Visa Foundation purchased a new position in shares of iShares CMBS ETF (NYSEARCA:CMBS) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 122,500 shares of the company’s stock, valued at approximately $10,147,900,000. iShares CMBS ETF comprises about 6.5% of Visa Foundation’s portfolio, making the stock its 2nd largest position.

Other large investors have also modified their holdings of the company. Prudential PLC bought a new stake in iShares CMBS ETF in the 4th quarter valued at about $9,541,000. LPL Financial LLC grew its position in iShares CMBS ETF by 39.4% in the 4th quarter. LPL Financial LLC now owns 418,164 shares of the company’s stock worth $20,523,000 after purchasing an additional 118,291 shares during the last quarter. UBS Group AG increased its stake in shares of iShares CMBS ETF by 23.7% in the fourth quarter. UBS Group AG now owns 541,908 shares of the company’s stock valued at $26,597,000 after purchasing an additional 103,731 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of iShares CMBS ETF in the fourth quarter valued at approximately $3,286,000. Finally, Cetera Investment Advisers increased its stake in shares of iShares CMBS ETF by 92.3% in the fourth quarter. Cetera Investment Advisers now owns 132,780 shares of the company’s stock valued at $6,517,000 after purchasing an additional 63,726 shares during the period.

iShares CMBS ETF Price Performance

CMBS opened at $48.35 on Monday. The business’s 50 day moving average is $48.42 and its 200-day moving average is $48.77. iShares CMBS ETF has a twelve month low of $47.99 and a twelve month high of $50.09.

iShares CMBS ETF 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.