Tortoise Investment Management LLC Has $82,000 Stock Position in iShares CMBS ETF $CMBS

Tortoise Investment Management LLC lowered its stake in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 87.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,667 shares of the company’s stock after selling 11,665 shares during the quarter. Tortoise Investment Management LLC’s holdings in iShares CMBS ETF were worth $82,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Syon Capital LLC bought a new position in shares of iShares CMBS ETF in the third quarter worth about $28,555,000. Prepared Retirement Institute LLC grew its stake in shares of iShares CMBS ETF by 55.9% during the third quarter. Prepared Retirement Institute LLC now owns 243,784 shares of the company’s stock valued at $11,962,000 after purchasing an additional 87,382 shares during the last quarter. UBS Group AG grew its stake in shares of iShares CMBS ETF by 15.8% during the third quarter. UBS Group AG now owns 438,177 shares of the company’s stock valued at $21,501,000 after purchasing an additional 59,939 shares during the last quarter. TIAA Trust National Association increased its holdings in shares of iShares CMBS ETF by 99.0% in the third quarter. TIAA Trust National Association now owns 83,372 shares of the company’s stock valued at $4,091,000 after purchasing an additional 41,474 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in iShares CMBS ETF by 122.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 71,881 shares of the company’s stock worth $3,502,000 after purchasing an additional 39,600 shares during the last quarter.

iShares CMBS ETF Stock Performance

CMBS stock traded down $0.07 during trading on Friday, hitting $49.09. The company had a trading volume of 4,358 shares, compared to its average volume of 53,516. The firm has a 50-day moving average price of $49.29 and a 200-day moving average price of $49.16. iShares CMBS ETF has a 12 month low of $47.45 and a 12 month high of $50.09.

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.