Hyundai Investments Co. Ltd. Invests $577,000 in iShares CMBS ETF $CMBS

Hyundai Investments Co. Ltd. acquired a new position in iShares CMBS ETF (NYSEARCA:CMBS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,731 shares of the company’s stock, valued at approximately $577,000. iShares CMBS ETF accounts for approximately 0.6% of Hyundai Investments Co. Ltd.’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CMBS. Jane Street Group LLC increased its stake in shares of iShares CMBS ETF by 19.2% in the first quarter. Jane Street Group LLC now owns 35,391 shares of the company’s stock worth $1,699,000 after purchasing an additional 5,692 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares CMBS ETF by 40.0% in the second quarter. JPMorgan Chase & Co. now owns 7,091 shares of the company’s stock worth $345,000 after purchasing an additional 2,025 shares in the last quarter. First Trust Advisors LP increased its stake in shares of iShares CMBS ETF by 2.4% in the second quarter. First Trust Advisors LP now owns 39,444 shares of the company’s stock worth $1,922,000 after purchasing an additional 917 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares CMBS ETF by 46.6% in the second quarter. Ameriprise Financial Inc. now owns 54,302 shares of the company’s stock worth $2,649,000 after purchasing an additional 17,257 shares in the last quarter. Finally, Visionary Wealth Advisors purchased a new stake in shares of iShares CMBS ETF in the second quarter worth $345,000.

iShares CMBS ETF Price Performance

Shares of NYSEARCA CMBS opened at $48.56 on Tuesday. The firm has a fifty day moving average price of $48.67 and a 200-day moving average price of $48.99. iShares CMBS ETF has a 1 year low of $48.09 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.