Horizon Financial Services LLC Sells 352 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Horizon Financial Services LLC cut its stake in iShares CMBS ETF (NYSEARCA:CMBS) by 4.9% in the third quarter, Holdings Channel.com reports. The firm owned 6,864 shares of the company’s stock after selling 352 shares during the period. Horizon Financial Services LLC’s holdings in iShares CMBS ETF were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. State of New Jersey Common Pension Fund D grew its holdings in shares of iShares CMBS ETF by 40.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 521,932 shares of the company’s stock worth $25,538,000 after purchasing an additional 150,000 shares in the last quarter. Arvest Investments Inc. boosted its stake in iShares CMBS ETF by 0.9% during the third quarter. Arvest Investments Inc. now owns 441,921 shares of the company’s stock worth $21,623,000 after buying an additional 3,919 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in iShares CMBS ETF by 1.7% in the 2nd quarter. Tortoise Investment Management LLC now owns 341,610 shares of the company’s stock valued at $16,039,000 after buying an additional 5,691 shares during the period. AE Wealth Management LLC raised its stake in shares of iShares CMBS ETF by 16.5% in the 2nd quarter. AE Wealth Management LLC now owns 330,697 shares of the company’s stock valued at $15,526,000 after buying an additional 46,856 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of iShares CMBS ETF in the 3rd quarter valued at $11,158,000.

iShares CMBS ETF Trading Down 0.1 %

Shares of iShares CMBS ETF stock opened at $47.39 on Monday. The firm’s 50-day simple moving average is $47.92 and its 200-day simple moving average is $47.52. iShares CMBS ETF has a twelve month low of $45.19 and a twelve month high of $49.17.

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.