Laidlaw Wealth Management LLC Buys 3,243 Shares of iShares CMBS ETF (NYSEARCA:CMBS)

Laidlaw Wealth Management LLC grew its stake in shares of iShares CMBS ETF (NYSEARCA:CMBS) by 10.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 35,035 shares of the company’s stock after buying an additional 3,243 shares during the period. Laidlaw Wealth Management LLC owned approximately 0.40% of iShares CMBS ETF worth $1,645,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CMBS. Gradient Investments LLC raised its holdings in iShares CMBS ETF by 356.8% in the 2nd quarter. Gradient Investments LLC now owns 1,978 shares of the company’s stock valued at $93,000 after acquiring an additional 1,545 shares in the last quarter. LexAurum Advisors LLC bought a new position in iShares CMBS ETF in the first quarter worth $210,000. Csenge Advisory Group acquired a new stake in iShares CMBS ETF during the first quarter worth $230,000. Horizon Financial Services LLC acquired a new stake in iShares CMBS ETF during the first quarter worth $331,000. Finally, Hoxton Planning & Management LLC bought a new stake in iShares CMBS ETF in the 2nd quarter valued at $365,000.

iShares CMBS ETF Stock Performance

Shares of CMBS stock opened at $48.00 on Tuesday. The firm has a fifty day moving average of $47.54 and a 200-day moving average of $46.92. iShares CMBS ETF has a 52-week low of $44.19 and a 52-week high of $49.17.

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.