iShares CMBS ETF (NYSEARCA:CMBS) Shares Bought by Tortoise Investment Management LLC

Tortoise Investment Management LLC boosted its stake in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 344,554 shares of the company’s stock after buying an additional 3,832 shares during the quarter. iShares CMBS ETF accounts for 1.7% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Tortoise Investment Management LLC’s holdings in iShares CMBS ETF were worth $16,263,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Farther Finance Advisors LLC bought a new position in shares of iShares CMBS ETF during the third quarter worth approximately $78,000. IFP Advisors Inc increased its stake in shares of iShares CMBS ETF by 572.0% in the 4th quarter. IFP Advisors Inc now owns 2,762 shares of the company’s stock valued at $130,000 after purchasing an additional 2,351 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of iShares CMBS ETF by 40.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 521,932 shares of the company’s stock valued at $25,538,000 after purchasing an additional 150,000 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of iShares CMBS ETF by 16.8% during the 4th quarter. Rosenberg Matthew Hamilton now owns 15,097 shares of the company’s stock valued at $713,000 after acquiring an additional 2,168 shares in the last quarter. Finally, City Center Advisors LLC acquired a new stake in shares of iShares CMBS ETF during the 4th quarter valued at $223,000.

iShares CMBS ETF Price Performance

CMBS stock opened at $47.95 on Monday. The stock has a 50-day moving average price of $47.57 and a 200-day moving average price of $47.77. iShares CMBS ETF has a 1-year low of $45.76 and a 1-year high of $49.18.

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.