Vestmark Advisory Solutions Inc. has expanded its investment in the iShares MBS ETF (NASDAQ: MBB) by 22.4% during the third quarter of 2023, according to data from HoldingsChannel. The institutional investor now holds 48,683 shares of the exchange-traded fund, increasing its position by an additional 8,915 shares during this period. The total value of Vestmark’s holdings in the iShares MBS ETF stands at approximately $4.63 million as of the end of September.
Several other hedge funds have also made adjustments to their stakes in the iShares MBS ETF. For instance, OneDigital Investment Advisors LLC raised its position by 2.6%, bringing its total ownership to 1,583,829 shares, valued at around $150.7 million. This increase followed the acquisition of an additional 39,920 shares in the last quarter.
In addition, both Dearborn Partners LLC and Advyzon Investment Management LLC entered the fund for the first time during the third quarter. Dearborn purchased shares valued at approximately $539,000, while Advyzon invested around $208,000. Citigroup Inc. also boosted its stake by 6.6%, now owning 25,303 shares valued at about $2.41 million after acquiring an additional 1,560 shares.
The most notable new entrant is Siligmueller & Norvid Wealth Advisors LLC, which established a new position worth approximately $4.67 million in the third quarter. Currently, institutional investors control 91.70% of the stock.
iShares MBS ETF Performance Overview
On the trading front, shares of the iShares MBS ETF opened at $96.56 on Tuesday, reflecting a twelve-month low of $90.84 and a twelve-month high of $96.65. The ETF has a fifty-day simple moving average of $95.60 and a 200-day simple moving average of $95.24.
The iShares MBS ETF, formerly known as the iShares Barclays MBS Bond Fund, aims to track the performance of the Barclays Capital U.S. MBS Index. This index consists of investment-grade mortgage-backed securities issued primarily by the Government National Mortgage Association (GNMA), as well as the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
As the fund continues to attract institutional investments, its performance and management strategies will be closely monitored by stakeholders in the financial markets. For those interested in more detailed insights into the holdings of the iShares MBS ETF, HoldingsChannel.com provides up-to-date information on 13F filings and insider trades.
