Vestmark Advisory Solutions Inc. has increased its investment in the iShares MBS ETF (NASDAQ: MBB) by a significant **22.4%** during the third quarter of 2023. This move raises the firm’s total holdings to **48,683 shares**, valued at approximately **$4.63 million** at the end of September. The institutional investor acquired an additional **8,915 shares** during this period, reflecting confidence in the fund’s performance.
Several other institutional investors have also adjusted their positions in the iShares MBS ETF. Notably, OneDigital Investment Advisors LLC raised its holdings by **2.6%**, bringing its total to **1,583,829 shares** worth about **$150.7 million** after purchasing an additional **39,920 shares**. Meanwhile, Dearborn Partners LLC and Advyzon Investment Management LLC both entered the market with new positions valued at approximately **$539,000** and **$208,000**, respectively.
Citigroup Inc. also increased its stake by **6.6%**, owning **25,303 shares** valued at around **$2.41 million** after acquiring **1,560 additional shares**. Siligmueller & Norvid Wealth Advisors LLC made a notable entry into the ETF, investing **$4.67 million**. Currently, **91.7%** of the stock is held by institutional investors, indicating strong market interest in the fund.
Market Performance of iShares MBS ETF
As of the latest trading session, shares of the iShares MBS ETF opened at **$96.56**. Over the past year, the ETF has experienced fluctuations, with a twelve-month low of **$90.84** and a high of **$96.65**. The fund’s fifty-day simple moving average stands at **$95.60**, while the two-hundred-day average is **$95.24**, suggesting relative stability in its price performance.
The iShares MBS ETF, previously known as the iShares Barclays MBS Bond Fund, aims to mirror the price and yield performance of the Barclays Capital U.S. MBS Index. This index tracks investment-grade mortgage-backed pass-through securities issued by notable entities such as the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), and the Federal Home Loan Mortgage Corporation (FHLMC).
Investors looking to understand the ETF’s market movements can track the latest filings and insider trades through platforms like HoldingsChannel.com. This information can provide insights into broader market trends and investment strategies related to the iShares MBS ETF.
In conclusion, the increased investments from various institutional players, including Vestmark Advisory Solutions Inc., highlight a robust interest in the iShares MBS ETF. As the market landscape evolves, the attention on this ETF may continue to grow, reflecting the ongoing demand for mortgage-backed security investments.
