Simplicity Wealth LLC has significantly decreased its holdings in the iShares MBS ETF (NASDAQ: MBB) by selling 39,021 shares during the third quarter of 2023. This reduction represents a 47.3% drop in their investment, leaving the institutional investor with 43,477 shares valued at approximately $4,137,000 at the close of the quarter, according to data from HoldingsChannel.
Other institutional investors have also adjusted their positions in the iShares MBS ETF recently. Security Financial Services INC. increased its stake by 5.9%, acquiring an additional 6,789 shares to reach a total of 121,000 shares, valued at $11,513,000. DAVENPORT & Co LLC similarly raised its position by 9.2% in the previous quarter, now holding 7,323 shares valued at $688,000 after purchasing 614 additional shares.
Ironwood Investment Counsel LLC entered the market during the second quarter, acquiring a new position in the iShares MBS ETF valued at $206,000. Meanwhile, Dynasty Wealth Management LLC boosted its stake by 10.8% in the third quarter, increasing its holdings to 1,649,146 shares, worth approximately $156,916,000 after purchasing an additional 160,926 shares.
Furthermore, Global Retirement Partners LLC acquired a new position in the second quarter, valued at around $18,788,000. Collectively, hedge funds and institutional investors now control 91.70% of the iShares MBS ETF’s shares.
Current Performance of iShares MBS ETF
The iShares MBS ETF opened at $95.45 on Thursday. The stock’s performance has shown stability, with a 50-day simple moving average of $95.35 and a 200-day simple moving average of $94.79. Over the past year, the ETF has experienced a low of $90.84 and a high of $96.25.
About iShares MBS ETF
The iShares MBS ETF, formerly known as the iShares Barclays MBS Bond Fund, is an exchange-traded fund that aims to deliver investment results corresponding to the price and yield performance of the Barclays Capital U.S. MBS Index. This index tracks the performance of investment-grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), the Federal National Mortgage Association (FNMA), and the Federal Home Loan Mortgage Corporation (FHLMC).
For those interested in the latest developments and positions held by hedge funds regarding the iShares MBS ETF, HoldingsChannel.com offers valuable insights and updates.
