State of New Jersey Common Pension Fund D acquired a new stake in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 110,517 shares of the company’s stock, valued at approximately $5,171,000. State of New Jersey Common Pension Fund D owned 1.13% of iShares CMBS ETF as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also added to or reduced their stakes in CMBS. Arvest Investments Inc. bought a new position in shares of iShares CMBS ETF during the fourth quarter worth approximately $21,296,000. Fermata Advisors LLC bought a new position in iShares CMBS ETF during the 3rd quarter worth approximately $6,756,000. Sykon Capital LLC grew its holdings in iShares CMBS ETF by 327.1% during the 3rd quarter. Sykon Capital LLC now owns 81,261 shares of the company’s stock worth $3,660,000 after acquiring an additional 62,236 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of iShares CMBS ETF during the 3rd quarter worth approximately $1,315,000. Finally, Central Bank & Trust Co. grew its holdings in iShares CMBS ETF by 26.7% in the fourth quarter. Central Bank & Trust Co. now owns 137,746 shares of the company’s stock worth $6,445,000 after purchasing an additional 29,016 shares during the period.
iShares CMBS ETF Price Performance
NYSEARCA:CMBS traded down $0.04 on Friday, reaching $45.93. 44,628 shares of the company’s stock were exchanged, compared to its average volume of 66,877. iShares CMBS ETF has a 52 week low of $44.19 and a 52 week high of $47.56. The stock has a fifty day simple moving average of $46.63 and a 200-day simple moving average of $46.12.
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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