iShares CMBS ETF (NYSEARCA:CMBS) Sees Large Volume Increase – Here’s Why

iShares CMBS ETF (NYSEARCA:CMBS) saw unusually-high trading volume on Friday . Approximately 30,571 shares were traded during mid-day trading, a decline of 46% from the previous session’s volume of 57,137 shares.The stock last traded at $49.1790 and had previously closed at $49.21.

iShares CMBS ETF Trading Up 0.2%

The business’s fifty day moving average price is $49.10 and its 200 day moving average price is $48.90.

Institutional Investors Weigh In On iShares CMBS ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new position in iShares CMBS ETF in the third quarter valued at $49,000. Geneos Wealth Management Inc. grew its holdings in iShares CMBS ETF by 596.6% in the 3rd quarter. Geneos Wealth Management Inc. now owns 2,689 shares of the company’s stock valued at $132,000 after buying an additional 2,303 shares during the period. MAI Capital Management lifted its holdings in shares of 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 acquiring an additional 1,900 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares CMBS ETF by 4,772.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,216 shares of the company’s stock worth $157,000 after acquiring an additional 3,150 shares during the period. Finally, Nwam LLC acquired a new stake in shares of iShares CMBS ETF in the second quarter worth approximately $201,000.

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.