Horizon Financial Services LLC Has $336,000 Stock Position in iShares CMBS ETF (NYSEARCA:CMBS)

Horizon Financial Services LLC cut its holdings in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 4.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,864 shares of the company’s stock after selling 352 shares during the quarter. Horizon Financial Services LLC owned 0.08% of iShares CMBS ETF worth $336,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CMBS. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares CMBS ETF in the third quarter worth $32,000. Farther Finance Advisors LLC acquired a new position in iShares CMBS ETF in the 3rd quarter worth about $78,000. Cullen Frost Bankers Inc. raised its stake in shares of iShares CMBS ETF by 43.6% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,654 shares of the company’s stock worth $78,000 after purchasing an additional 502 shares in the last quarter. Gradient Investments LLC raised its stake in shares of iShares CMBS ETF by 356.8% during the 2nd quarter. Gradient Investments LLC now owns 1,978 shares of the company’s stock worth $93,000 after purchasing an additional 1,545 shares in the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of iShares CMBS ETF during the 3rd quarter valued at about $259,000.

iShares CMBS ETF Price Performance

Shares of NYSEARCA CMBS opened at $47.39 on Monday. The business has a 50 day simple moving average of $47.92 and a 200 day simple moving average of $47.52. iShares CMBS ETF has a 52 week low of $45.19 and a 52 week high of $49.17.

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.