Prudential PLC Makes New $9.54 Million Investment in iShares CMBS ETF $CMBS

Prudential PLC bought a new position in shares of iShares CMBS ETF (NYSEARCA:CMBS) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 194,402 shares of the company’s stock, valued at approximately $9,541,000.

A number of other large investors have also recently added to or reduced their stakes in CMBS. MidAtlantic Capital Management Inc. bought a new position in iShares CMBS ETF during the 4th quarter worth about $42,000. Aptus Capital Advisors LLC bought a new position in iShares CMBS ETF during the 3rd quarter worth about $49,000. MAI Capital Management increased its holdings in iShares CMBS ETF by 190.0% during the 3rd quarter. MAI Capital Management now owns 2,900 shares of the company’s stock worth $142,000 after purchasing an additional 1,900 shares in the last quarter. Horizon Financial Services LLC increased its holdings in iShares CMBS ETF by 9.7% during the 4th quarter. Horizon Financial Services LLC now owns 3,283 shares of the company’s stock worth $161,000 after purchasing an additional 291 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in iShares CMBS ETF during the 4th quarter worth about $246,000.

iShares CMBS ETF Trading Down 0.2%

CMBS stock opened at $48.47 on Friday. The stock has a 50-day moving average price of $48.69 and a two-hundred day moving average price of $49.02. iShares CMBS ETF has a 1 year low of $47.82 and a 1 year high of $50.09.

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.