Syon Capital LLC Makes New $28.56 Million Investment in iShares CMBS ETF $CMBS

Syon Capital LLC bought a new stake in iShares CMBS ETF (NYSEARCA:CMBS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 581,930 shares of the company’s stock, valued at approximately $28,555,000. iShares CMBS ETF accounts for 1.5% of Syon Capital LLC’s investment portfolio, making the stock its 15th largest holding. Syon Capital LLC owned about 5.60% of iShares CMBS ETF at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CMBS. Envestnet Asset Management Inc. boosted its holdings in shares of iShares CMBS ETF by 122.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 71,881 shares of the company’s stock valued at $3,502,000 after buying an additional 39,600 shares in the last quarter. AE Wealth Management LLC increased its position in iShares CMBS ETF by 6.4% in the 2nd quarter. AE Wealth Management LLC now owns 397,979 shares of the company’s stock valued at $19,389,000 after acquiring an additional 23,972 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of iShares CMBS ETF in the third quarter valued at approximately $1,133,000. Laurel Wealth Advisors LLC raised its position in iShares CMBS ETF by 4,772.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,216 shares of the company’s stock worth $157,000 after buying an additional 3,150 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in iShares CMBS ETF by 25.2% during the second quarter. Avantax Advisory Services Inc. now owns 47,079 shares of the company’s stock worth $2,294,000 after purchasing an additional 9,467 shares in the last quarter.

iShares CMBS ETF Price Performance

CMBS stock opened at $49.65 on Wednesday. The company’s 50-day moving average price is $49.19 and its 200 day moving average price is $49.09. iShares CMBS ETF has a 52 week low of $47.30 and a 52 week high of $50.09.

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.