BerganKDV Wealth Management LLC Has $25.10 Million Holdings in iShares CMBS ETF (NYSEARCA:CMBS)

BerganKDV Wealth Management LLC lifted its stake in iShares CMBS ETF (NYSEARCA:CMBSGet Rating) by 16.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 503,597 shares of the company’s stock after purchasing an additional 69,440 shares during the quarter. iShares CMBS ETF accounts for approximately 2.7% of BerganKDV Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. BerganKDV Wealth Management LLC’s holdings in iShares CMBS ETF were worth $25,104,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CMBS. Fifth Third Bancorp boosted its stake in shares of iShares CMBS ETF by 72.4% in the fourth quarter. Fifth Third Bancorp now owns 950 shares of the company’s stock valued at $50,000 after buying an additional 399 shares during the period. MUFG Americas Holdings Corp lifted its stake in iShares CMBS ETF by 17.2% during the fourth quarter. MUFG Americas Holdings Corp now owns 3,410 shares of the company’s stock worth $181,000 after purchasing an additional 500 shares during the last quarter. Advisor Resource Council bought a new stake in iShares CMBS ETF during the fourth quarter worth $211,000. Cambridge Investment Research Advisors Inc. bought a new stake in iShares CMBS ETF during the fourth quarter worth $216,000. Finally, Simplicity Wealth LLC bought a new stake in iShares CMBS ETF during the fourth quarter worth $231,000.

iShares CMBS ETF Stock Down 1.5 %

NYSEARCA CMBS traded down $0.74 on Friday, hitting $48.06. 88,598 shares of the company’s stock were exchanged, compared to its average volume of 110,895. The stock has a 50-day moving average of $48.08 and a 200-day moving average of $49.42. iShares CMBS ETF has a 52 week low of $46.84 and a 52 week high of $55.03.

Further Reading

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Institutional Ownership by Quarter for iShares CMBS ETF (NYSEARCA:CMBS)

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