Horizon Financial Services LLC lessened its position in iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,473 shares of the company’s stock after selling 1,391 shares during the quarter. Horizon Financial Services LLC’s holdings in iShares CMBS ETF were worth $258,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in CMBS. Decker Retirement Planning Inc. bought a new position in shares of iShares CMBS ETF during the fourth quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. increased its position in iShares CMBS ETF by 65.2% during the 4th quarter. MidAtlantic Capital Management Inc. now owns 1,064 shares of the company’s stock valued at $50,000 after buying an additional 420 shares in the last quarter. IFP Advisors Inc raised its stake in iShares CMBS ETF by 572.0% during the fourth quarter. IFP Advisors Inc now owns 2,762 shares of the company’s stock valued at $130,000 after buying an additional 2,351 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in iShares CMBS ETF in the fourth quarter worth $216,000. Finally, City Center Advisors LLC purchased a new stake in shares of iShares CMBS ETF in the fourth quarter worth $223,000.
iShares CMBS ETF Stock Up 0.4 %
CMBS opened at $48.07 on Friday. The stock has a 50-day moving average price of $47.76 and a 200-day moving average price of $47.74. iShares CMBS ETF has a 1 year low of $45.76 and a 1 year high of $49.18.
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.
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