iShares CMBS ETF (NYSEARCA:CMBS) Sees Strong Trading Volume – What’s Next?

iShares CMBS ETF (NYSEARCA:CMBS) shares saw strong trading volume on Friday . 345,442 shares traded hands during mid-day trading, an increase of 487% from the previous session’s volume of 58,820 shares.The stock last traded at $49.02 and had previously closed at $49.06.

iShares CMBS ETF Stock Performance

The business has a fifty day simple moving average of $49.12 and a two-hundred day simple moving average of $48.66.

Institutional Trading of iShares CMBS ETF

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of iShares CMBS ETF by 7.1% in the third quarter. Comerica Bank now owns 11,582 shares of the company’s stock valued at $568,000 after acquiring an additional 763 shares during the last quarter. Maia Wealth LLC bought a new position in iShares CMBS ETF in the 3rd quarter valued at $392,000. UBS Group AG grew its holdings in shares of iShares CMBS ETF by 15.8% during the third quarter. UBS Group AG now owns 438,177 shares of the company’s stock worth $21,501,000 after purchasing an additional 59,939 shares during the last quarter. First Trust Advisors LP increased its stake in shares of iShares CMBS ETF by 0.6% in the third quarter. First Trust Advisors LP now owns 39,696 shares of the company’s stock valued at $1,948,000 after buying an additional 252 shares in the last quarter. Finally, Aptus Capital Advisors LLC acquired a new position in iShares CMBS ETF during the 3rd quarter worth about $49,000.

About iShares CMBS ETF

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.