Tortoise Investment Management LLC Has $82,000 Stock Position in iShares CMBS ETF $CMBS

Tortoise Investment Management LLC reduced its stake in iShares CMBS ETF (NYSEARCA:CMBS) by 87.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,667 shares of the company’s stock after selling 11,665 shares during the period. Tortoise Investment Management LLC’s holdings in iShares CMBS ETF were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CMBS. Aptus Capital Advisors LLC acquired a new stake in iShares CMBS ETF in the 3rd quarter valued at $49,000. Geneos Wealth Management Inc. raised its stake in iShares CMBS ETF by 596.6% during the third quarter. Geneos Wealth Management Inc. now owns 2,689 shares of the company’s stock worth $132,000 after acquiring an additional 2,303 shares in the last quarter. MAI Capital Management raised its stake in 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 acquiring an additional 1,900 shares in the last quarter. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares CMBS ETF by 4,772.7% during 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. Finally, Nwam LLC bought a new position in shares of iShares CMBS ETF during the second quarter valued at $201,000.

iShares CMBS ETF Stock Down 0.1%

Shares of NYSEARCA:CMBS traded down $0.07 on Friday, hitting $49.09. The stock had a trading volume of 4,358 shares, compared to its average volume of 53,516. The firm’s 50 day moving average price is $49.29 and its 200-day moving average price is $49.16. iShares CMBS ETF has a twelve month low of $47.45 and a twelve month high of $50.09.

iShares CMBS ETF Company 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.