Vestmark Advisory Solutions Inc. has significantly expanded its investment in the iShares MBS ETF, increasing its stake by 22.4% during the third quarter of 2023. As reported by HoldingsChannel, the institutional investor now holds 48,683 shares of the ETF, after acquiring an additional 8,915 shares in the recent quarter. The total value of Vestmark’s holdings in the iShares MBS ETF is approximately $4.63 million.
Other institutional investors also adjusted their positions in the iShares MBS ETF, reflecting a broader trend of increased interest in this asset. For instance, OneDigital Investment Advisors LLC raised its holdings by 2.6%, now owning 1,583,829 shares valued at around $150.7 million after adding 39,920 shares during the same period.
Dearborn Partners LLC entered the market with a new position in the ETF, investing approximately $539,000. Similarly, Advyzon Investment Management LLC acquired shares worth about $208,000. Citigroup Inc. also increased its stake by 6.6%, bringing its total to 25,303 shares, valued at $2.41 million following a purchase of 1,560 shares.
Additionally, Siligmueller & Norvid Wealth Advisors LLC established a new stake in the ETF valued at $4.67 million. Currently, institutional investors own 91.7% of the iShares MBS ETF, underscoring the confidence these entities have in the fund’s performance.
iShares MBS ETF Performance Overview
On Tuesday, shares of the iShares MBS ETF (NASDAQ: MBB) opened at $96.56. The ETF has experienced a twelve-month range, with a low of $90.84 and a high of $96.65. Its fifty-day and 200-day simple moving averages stand at $95.60 and $95.24, respectively.
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 evaluates the performance of investment-grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), along with the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC).
As institutional investors continue to show heightened interest in the iShares MBS ETF, observers will be keen to see how these investments influence the fund’s performance in the coming months.
