Laidlaw Wealth Management LLC grew its holdings in shares of iShares CMBS ETF (NYSEARCA:CMBS – Free Report) by 38.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,764 shares of the company’s stock after purchasing an additional 13,158 shares during the quarter. iShares CMBS ETF comprises approximately 1.0% of Laidlaw Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Laidlaw Wealth Management LLC’s holdings in iShares CMBS ETF were worth $2,254,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. bought a new position in shares of iShares CMBS ETF in the fourth quarter valued at approximately $28,000. MidAtlantic Capital Management Inc. bought a new position in shares of iShares CMBS ETF in the third quarter valued at approximately $32,000. Farther Finance Advisors LLC bought a new position in shares of iShares CMBS ETF in the third quarter valued at approximately $78,000. City Center Advisors LLC bought a new position in shares of iShares CMBS ETF in the fourth quarter valued at approximately $223,000. Finally, Elevated Capital Advisors LLC bought a new position in shares of iShares CMBS ETF in the third quarter valued at approximately $259,000.
iShares CMBS ETF Stock Performance
CMBS stock opened at $47.54 on Wednesday. The firm has a 50 day moving average of $47.43 and a 200-day moving average of $47.78. iShares CMBS ETF has a 12 month low of $45.76 and a 12 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.
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