Money Design Co. Ltd. has increased its stake in the iShares MBS ETF (NASDAQ:MBB) by 4.7%, according to a recent filing with the Securities and Exchange Commission. The firm acquired an additional 62,046 shares during the second quarter, bringing its total holdings to 1,390,916 shares. This investment now represents approximately 6.1% of Money Design’s overall portfolio, making it the company’s fifth largest position. At the end of the quarter, the value of Money Design’s holdings in the iShares MBS ETF stood at around $130,593,000.
Several institutional investors have also adjusted their positions in the iShares MBS ETF recently. Notably, LPL Financial LLC increased its stake by 11.0% in the first quarter, now holding 24,262,602 shares valued at approximately $2,275,347,000 after acquiring 2,404,586 shares. Similarly, PNC Financial Services Group Inc. raised its stake by 0.3%, owning 2,939,526 shares valued at $275,669,000 after a purchase of 8,399 shares.
In addition, Renaissancere Holdings Ltd. entered a new position in the MBS ETF valued at around $267,782,000. Cetera Investment Advisers also strengthened its holdings with a 17.5% increase, now possessing 1,863,533 shares worth approximately $174,762,000. Furthermore, Quotient Wealth Partners LLC boosted its stake by 2.4%, acquiring an additional 34,285 shares and bringing its total to 1,492,641 shares, valued at $140,144,000.
Overall, institutional investors and hedge funds now account for 91.70% of the iShares MBS ETF’s stock ownership, highlighting significant confidence in this fund.
iShares MBS ETF Stock Performance
As of the latest trading session, shares of the iShares MBS ETF opened at $95.85. The ETF has experienced a 12-month low of $90.28 and a 12-month high of $96.20. The current 50-day moving average price is $94.93, while the 200-day moving average stands at $93.53.
Additionally, it is important to note that the iShares MBS ETF has recently made adjustments to its dividend policy, reflecting changes in market conditions.
Understanding iShares MBS ETF
The iShares MBS ETF, formerly known as the iShares Barclays MBS Bond Fund, is designed to track the investment outcomes that mirror the price and yield performance of the Barclays Capital U.S. MBS Index. This index evaluates the performance of investment-grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA).
For those interested in tracking institutional investments and additional insights, resources such as HoldingsChannel.com provide updates on the latest filings and insider trades related to the iShares MBS ETF.
Overall, the recent activity in the iShares MBS ETF highlights a robust interest from institutional investors, reflecting confidence in the fund’s performance and underlying assets.
