Wells Fargo & Company MN Reduces Stake in iShares CMBS ETF (NYSEARCA:CMBS)

Wells Fargo & Company MN reduced its position in iShares CMBS ETF (NYSEARCA:CMBSFree Report) by 17.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,959 shares of the company’s stock after selling 31,875 shares during the period. Wells Fargo & Company MN owned about 1.50% of iShares CMBS ETF worth $6,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CMBS. Arvest Investments Inc. purchased a new position in iShares CMBS ETF during the fourth quarter worth $21,296,000. UBS Group AG increased its position in iShares CMBS ETF by 1.4% during the fourth quarter. UBS Group AG now owns 377,294 shares of the company’s stock worth $17,654,000 after buying an additional 5,213 shares in the last quarter. Capital Analysts LLC purchased a new position in iShares CMBS ETF during the fourth quarter worth $32,000. Tortoise Investment Management LLC increased its position in iShares CMBS ETF by 0.6% during the fourth quarter. Tortoise Investment Management LLC now owns 336,366 shares of the company’s stock worth $15,735,000 after buying an additional 1,995 shares in the last quarter. Finally, Ridgewood Investments LLC increased its position in iShares CMBS ETF by 14.7% during the fourth quarter. Ridgewood Investments LLC now owns 10,566 shares of the company’s stock worth $494,000 after buying an additional 1,354 shares in the last quarter.

iShares CMBS ETF Price Performance

iShares CMBS ETF stock opened at $46.83 on Friday. The stock has a fifty day moving average of $46.39 and a two-hundred day moving average of $46.47. iShares CMBS ETF has a fifty-two week low of $44.19 and a fifty-two week high of $47.56.

iShares CMBS ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares CMBS ETF (NYSEARCA:CMBS)

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