GEN Financial Management INC. Acquires Shares of 15,385 iShares CMBS ETF (NYSEARCA:CMBS)

GEN Financial Management INC. purchased a new stake in iShares CMBS ETF (NYSEARCA:CMBS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,385 shares of the company’s stock, valued at approximately $726,000. iShares CMBS ETF makes up 0.5% of GEN Financial Management INC.’s investment portfolio, making the stock its 26th largest holding. GEN Financial Management INC. owned approximately 0.17% of iShares CMBS ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Redhawk Wealth Advisors Inc. purchased a new stake in iShares CMBS ETF in the 3rd quarter valued at about $11,158,000. State of New Jersey Common Pension Fund D increased its position in shares of iShares CMBS ETF by 40.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 521,932 shares of the company’s stock valued at $25,538,000 after acquiring an additional 150,000 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of iShares CMBS ETF in the 3rd quarter valued at approximately $3,086,000. U.S. Capital Wealth Advisors LLC acquired a new position in shares of iShares CMBS ETF in the 4th quarter worth approximately $2,148,000. Finally, Goldstone Financial Group LLC acquired a new position in shares of iShares CMBS ETF in the 3rd quarter worth approximately $1,156,000.

iShares CMBS ETF Trading Down 0.2 %

iShares CMBS ETF stock opened at $47.62 on Tuesday. iShares CMBS ETF has a fifty-two week low of $45.76 and a fifty-two week high of $49.17. The firm has a 50 day moving average price of $47.45 and a 200 day moving average price of $47.77.

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.