Ocean Park Asset Management LLC Makes New $2.20 Million Investment in iShares CMBS ETF (NYSEARCA:CMBS)

Ocean Park Asset Management LLC bought a new stake in shares of iShares CMBS ETF (NYSEARCA:CMBS) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 46,586 shares of the company’s stock, valued at approximately $2,199,000.

Several other hedge funds have also recently made changes to their positions in the business. Farther Finance Advisors LLC bought a new stake in iShares CMBS ETF during the third quarter worth approximately $78,000. State of New Jersey Common Pension Fund D boosted its holdings 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 worth $25,538,000 after purchasing an additional 150,000 shares during the period. LexAurum Advisors LLC increased its position in shares of iShares CMBS ETF by 5.5% during the 3rd quarter. LexAurum Advisors LLC now owns 5,340 shares of the company’s stock valued at $261,000 after purchasing an additional 278 shares during the last quarter. Columbus Macro LLC purchased a new stake in iShares CMBS ETF during the 3rd quarter valued at $554,000. Finally, City Center Advisors LLC bought a new stake in iShares CMBS ETF in the fourth quarter worth $223,000.

iShares CMBS ETF Stock Down 0.3 %

NYSEARCA CMBS opened at $47.59 on Tuesday. iShares CMBS ETF has a 52 week low of $45.76 and a 52 week high of $49.17. The company has a fifty day moving average of $47.47 and a two-hundred day moving average of $47.79.

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.