iShares CMBS ETF (NYSEARCA:CMBS) Sees Large Volume Increase – Time to Buy?

Shares of iShares CMBS ETF (NYSEARCA:CMBS) saw an uptick in trading volume on Thursday . 267,483 shares traded hands during trading, an increase of 359% from the previous session’s volume of 58,282 shares.The stock last traded at $49.1380 and had previously closed at $49.02.

iShares CMBS ETF Price Performance

The stock has a 50-day simple moving average of $49.10 and a 200-day simple moving average of $48.68.

Institutional Investors Weigh In On iShares CMBS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hancock Whitney Corp lifted its holdings in iShares CMBS ETF by 1.6% during the third quarter. Hancock Whitney Corp now owns 256,960 shares of the company’s stock valued at $12,609,000 after purchasing an additional 3,958 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of iShares CMBS ETF in the third quarter valued at approximately $828,000. Bank of America Corp DE lifted its stake in shares of iShares CMBS ETF by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 303,583 shares of the company’s stock valued at $14,897,000 after buying an additional 5,785 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares CMBS ETF by 43.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 77,757 shares of the company’s stock valued at $3,816,000 after buying an additional 23,455 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in iShares CMBS ETF by 19.5% in the 3rd quarter. Raymond James Financial Inc. now owns 58,102 shares of the company’s stock worth $2,851,000 after buying an additional 9,468 shares during the period.

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.