MidAtlantic Capital Management Inc. Invests $32,000 in iShares CMBS ETF (NYSEARCA:CMBS)

MidAtlantic Capital Management Inc. purchased a new position in iShares CMBS ETF (NYSEARCA:CMBS) during the third quarter, HoldingsChannel reports. The firm purchased 644 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors also recently added to or reduced their stakes in CMBS. Cullen Frost Bankers Inc. boosted its position in iShares CMBS ETF by 43.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,654 shares of the company’s stock valued at $78,000 after buying an additional 502 shares during the period. Farther Finance Advisors LLC bought a new position in iShares CMBS ETF in the third quarter worth approximately $78,000. Gradient Investments LLC increased its holdings in 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 during the period. Csenge Advisory Group raised its position in iShares CMBS ETF by 9.5% during the 2nd quarter. Csenge Advisory Group now owns 5,358 shares of the company’s stock valued at $252,000 after purchasing an additional 464 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of iShares CMBS ETF in the 3rd quarter worth $259,000.

iShares CMBS ETF Stock Performance

Shares of iShares CMBS ETF stock opened at $47.23 on Tuesday. The stock’s fifty day moving average price is $48.05 and its 200-day moving average price is $47.48. iShares CMBS ETF has a 12 month low of $45.07 and a 12 month high of $49.17.

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.