Envestnet Asset Management Inc. raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 43.8% during the second quarter, HoldingsChannel reports. The firm owned 6,360,577 shares of the company’s stock after purchasing an additional 1,936,708 shares during the period. iShares MBS ETF comprises 0.9% of Envestnet Asset Management Inc.’s portfolio, making the stock its 25th largest holding. Envestnet Asset Management Inc.’s holdings in iShares MBS ETF were worth $684,398,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of MBB. Cullen Frost Bankers Inc. acquired a new stake in iShares MBS ETF in the 2nd quarter worth approximately $124,000. FinTrust Capital Advisors LLC boosted its stake in iShares MBS ETF by 30.8% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 6,299 shares of the company’s stock worth $678,000 after purchasing an additional 1,483 shares in the last quarter. Hayden Royal LLC boosted its stake in iShares MBS ETF by 44.0% in the 2nd quarter. Hayden Royal LLC now owns 5,097 shares of the company’s stock worth $547,000 after purchasing an additional 1,557 shares in the last quarter. Advisory Services Network LLC boosted its stake in iShares MBS ETF by 132.4% in the 2nd quarter. Advisory Services Network LLC now owns 2,222 shares of the company’s stock worth $239,000 after purchasing an additional 1,266 shares in the last quarter. Finally, Coastal Investment Advisors Inc. boosted its stake in iShares MBS ETF by 28.4% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 10,535 shares of the company’s stock worth $1,132,000 after purchasing an additional 2,328 shares in the last quarter.
MBB stock traded up $0.27 during trading on Thursday, reaching $108.13. The company had a trading volume of 158,690 shares, compared to its average volume of 1,198,223. The business has a 50-day simple moving average of $107.65. iShares MBS ETF has a twelve month low of $101.75 and a twelve month high of $108.16.
iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).
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