Ridgewood Investments LLC Sells 1,939 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Ridgewood Investments LLC trimmed its position in iShares CMBS ETF (NYSEARCA:CMBS) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,253 shares of the company’s stock after selling 1,939 shares during the quarter. Ridgewood Investments LLC owned 0.11% of iShares CMBS ETF worth $437,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of iShares CMBS ETF by 1.3% during the second quarter. Commonwealth Equity Services LLC now owns 30,031 shares of the company’s stock valued at $1,410,000 after purchasing an additional 394 shares during the period. AE Wealth Management LLC increased its stake in 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 during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of iShares CMBS ETF during the 2nd quarter worth approximately $456,000. Advisory Alpha LLC boosted its holdings in iShares CMBS ETF by 3.5% in the 2nd quarter. Advisory Alpha LLC now owns 45,920 shares of the company’s stock worth $2,156,000 after buying an additional 1,547 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in iShares CMBS ETF by 7.3% in the 2nd quarter. Cetera Investment Advisers now owns 47,560 shares of the company’s stock worth $2,233,000 after buying an additional 3,241 shares during the period.

iShares CMBS ETF Price Performance

NYSEARCA:CMBS remained flat at $47.31 during trading hours on Friday. 33,261 shares of the company’s stock traded hands, compared to its average volume of 37,284. The business’s 50 day moving average price is $47.41 and its 200 day moving average price is $47.71. iShares CMBS ETF has a 1 year low of $45.76 and a 1 year high of $49.17.

iShares CMBS ETF 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.