Cullen Frost Bankers Inc. Purchases 502 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Cullen Frost Bankers Inc. increased its position in iShares CMBS ETF (NYSEARCA:CMBS) by 43.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,654 shares of the company’s stock after buying an additional 502 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares CMBS ETF were worth $78,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CMBS. TIAA Trust National Association bought a new position in iShares CMBS ETF in the 1st quarter worth $4,833,000. Cetera Investment Advisers purchased a new stake in iShares CMBS ETF in the 1st quarter worth $2,087,000. Central Bank & Trust Co. lifted its stake in iShares CMBS ETF by 20.9% in the 1st quarter. Central Bank & Trust Co. now owns 166,480 shares of the company’s stock worth $7,839,000 after purchasing an additional 28,734 shares in the last quarter. Advisory Alpha LLC lifted its stake in iShares CMBS ETF by 80.6% in the 1st quarter. Advisory Alpha LLC now owns 44,373 shares of the company’s stock worth $2,090,000 after purchasing an additional 19,809 shares in the last quarter. Finally, Strategy Asset Managers LLC purchased a new stake in iShares CMBS ETF in the 2nd quarter worth $611,000.

iShares CMBS ETF Trading Up 0.2 %

Shares of CMBS stock opened at $48.73 on Wednesday. iShares CMBS ETF has a 52 week low of $44.19 and a 52 week high of $49.17. The company’s fifty day simple moving average is $47.72 and its two-hundred day simple moving average is $46.99.

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.