Envestnet Asset Management Inc. Acquires 1,336,608 Shares of iShares MBS ETF (NASDAQ:MBB)

Envestnet Asset Management Inc. increased its holdings in iShares MBS ETF (NASDAQ:MBB) by 4.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,770,337 shares of the company’s stock after buying an additional 1,336,608 shares during the quarter. iShares MBS ETF comprises approximately 0.8% of Envestnet Asset Management Inc.’s portfolio, making the stock its 20th largest holding. Envestnet Asset Management Inc. owned approximately 0.07% of iShares MBS ETF worth $2,637,664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. HighTower Advisors LLC lifted its holdings in shares of iShares MBS ETF by 8.1% during the third quarter. HighTower Advisors LLC now owns 227,133 shares of the company’s stock valued at $21,751,000 after acquiring an additional 16,948 shares during the period. Point72 Asset Management L.P. acquired a new position in iShares MBS ETF in the third quarter valued at about $958,000. Redwood Investment Management LLC grew its stake in iShares MBS ETF by 5.3% during the third quarter. Redwood Investment Management LLC now owns 17,249 shares of the company’s stock worth $1,653,000 after buying an additional 874 shares during the last quarter. Voya Financial Advisors Inc. grew its stake in iShares MBS ETF by 8.6% during the third quarter. Voya Financial Advisors Inc. now owns 87,654 shares of the company’s stock worth $8,433,000 after buying an additional 6,962 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of iShares MBS ETF by 6,392.8% during the third quarter. Jane Street Group LLC now owns 646,550 shares of the company’s stock worth $61,946,000 after buying an additional 636,592 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $94.18 on Friday. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The business’s 50 day simple moving average is $92.96 and its 200-day simple moving average is $93.04.

iShares MBS ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.3309 per share. The ex-dividend date was Tuesday, April 1st. This is a boost from iShares MBS ETF’s previous dividend of $0.32.

iShares MBS ETF Profile

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).