TIAA Trust National Association Cuts Stock Position in iShares CMBS ETF $CMBS

TIAA Trust National Association lessened its holdings in iShares CMBS ETF (NYSEARCA:CMBS) by 19.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 67,262 shares of the company’s stock after selling 16,110 shares during the period. TIAA Trust National Association’s holdings in iShares CMBS ETF were worth $3,301,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ethos Capital Management Inc. purchased a new position in shares of iShares CMBS ETF in the 4th quarter valued at $1,663,000. Syon Capital LLC purchased a new stake in iShares CMBS ETF during the 3rd quarter worth $28,555,000. UBS Group AG increased its stake in iShares CMBS ETF by 23.7% during the 4th quarter. UBS Group AG now owns 541,908 shares of the company’s stock worth $26,597,000 after buying an additional 103,731 shares during the period. Arete Wealth Advisors LLC purchased a new stake in iShares CMBS ETF during the 3rd quarter worth $750,000. Finally, AE Wealth Management LLC increased its stake in iShares CMBS ETF by 13.7% during the 4th quarter. AE Wealth Management LLC now owns 490,546 shares of the company’s stock worth $24,076,000 after buying an additional 59,023 shares during the period.

iShares CMBS ETF Price Performance

iShares CMBS ETF stock opened at $48.47 on Thursday. iShares CMBS ETF has a 12-month low of $47.90 and a 12-month high of $50.09. The firm’s fifty day moving average price is $48.67 and its 200 day moving average price is $49.01.

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.