Redhawk Wealth Advisors Inc. Takes Position in iShares CMBS ETF (NYSEARCA:CMBS)

Redhawk Wealth Advisors Inc. bought a new stake in iShares CMBS ETF (NYSEARCA:CMBS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 228,037 shares of the company’s stock, valued at approximately $11,158,000. iShares CMBS ETF comprises approximately 1.6% of Redhawk Wealth Advisors Inc.’s portfolio, making the stock its 16th largest holding.

A number of other institutional investors also recently modified their holdings of the company. Cetera Investment Advisers raised its stake in shares of iShares CMBS ETF by 7.3% in the second quarter. Cetera Investment Advisers now owns 47,560 shares of the company’s stock valued at $2,233,000 after acquiring an additional 3,241 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of iShares CMBS ETF by 3.5% in the second quarter. Advisory Alpha LLC now owns 45,920 shares of the company’s stock valued at $2,156,000 after acquiring an additional 1,547 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of iShares CMBS ETF in the second quarter valued at approximately $456,000. AE Wealth Management LLC raised its stake in shares of iShares CMBS ETF by 16.5% in the second quarter. AE Wealth Management LLC now owns 330,697 shares of the company’s stock valued at $15,526,000 after acquiring an additional 46,856 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its stake in shares of iShares CMBS ETF by 43.6% in the second quarter. Cullen Frost Bankers Inc. now owns 1,654 shares of the company’s stock valued at $78,000 after acquiring an additional 502 shares during the last quarter.

iShares CMBS ETF Trading Up 0.4 %

NYSEARCA:CMBS opened at $48.09 on Monday. The firm has a 50 day moving average of $48.31 and a 200-day moving average of $47.27. iShares CMBS ETF has a 1 year low of $44.19 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.