PKS Advisory Services LLC Makes New Investment in iShares CMBS ETF (NYSEARCA:CMBS)

PKS Advisory Services LLC purchased a new stake in iShares CMBS ETF (NYSEARCA:CMBS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 11,015 shares of the company’s stock, valued at approximately $520,000. PKS Advisory Services LLC owned about 0.13% of iShares CMBS ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Raymond James Trust N.A. bought a new stake in iShares CMBS ETF in the third quarter valued at approximately $310,000. Insight Wealth Partners LLC grew its holdings in shares of iShares CMBS ETF by 5.4% in the 3rd quarter. Insight Wealth Partners LLC now owns 46,836 shares of the company’s stock valued at $2,292,000 after buying an additional 2,397 shares during the period. HighTower Advisors LLC bought a new stake in shares of iShares CMBS ETF in the 3rd quarter valued at $3,086,000. Jane Street Group LLC raised its stake in iShares CMBS ETF by 43.4% during the 3rd quarter. Jane Street Group LLC now owns 59,969 shares of the company’s stock worth $2,934,000 after buying an additional 18,161 shares during the period. Finally, Tidal Investments LLC lifted its holdings in iShares CMBS ETF by 72.1% during the third quarter. Tidal Investments LLC now owns 28,470 shares of the company’s stock worth $1,389,000 after acquiring an additional 11,924 shares in the last quarter.

iShares CMBS ETF Stock Performance

Shares of iShares CMBS ETF stock opened at $47.88 on Wednesday. The business has a 50-day moving average of $47.73 and a two-hundred day moving average of $47.75. iShares CMBS ETF has a 1 year low of $45.76 and a 1 year high of $49.18.

iShares CMBS ETF Company 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.