Money Design Co. Ltd. has expanded its holdings in the iShares MBS ETF (NASDAQ: MBB) by 4.7% during the second quarter of 2023. According to a filing with the Securities & Exchange Commission, the company now owns a total of 1,390,916 shares after acquiring an additional 62,046 shares during this period. This investment represents approximately 6.1% of Money Design’s total investment portfolio, making it the fund’s fifth largest position.
The value of Money Design Co. Ltd.’s holdings in iShares MBS ETF reached approximately $130,593,000 at the close of the most recent quarter. The ETF has attracted attention from several other institutional investors as well, who have either increased or decreased their stakes in MBB.
LPL Financial LLC notably raised its stake in iShares MBS ETF by 11.0% during the first quarter, now holding 24,262,602 shares valued at around $2,275,347,000 after acquiring an additional 2,404,586 shares. Similarly, PNC Financial Services Group Inc. and Cetera Investment Advisers have also increased their stakes, with PNC acquiring 8,399 shares to bring its total to 2,939,526 shares, valued at $275,669,000. Cetera Investment Advisers raised its position by 17.5%, now owning 1,863,533 shares valued at $174,762,000.
The trend among institutional investors is significant, as 91.70% of iShares MBS ETF’s shares are now held by hedge funds and institutional investors. This level of institutional ownership indicates a strong interest in mortgage-backed securities.
Recent Stock Performance and Dividend Changes
On the stock market, shares of iShares MBS ETF opened at $95.85 on Friday. The ETF has fluctuated between a 12-month low of $90.28 and a high of $96.20. Its current 50-day moving average stands at $94.93, while the 200-day moving average is at $93.53.
In recent news, iShares MBS ETF has announced a reduction in its dividend, a move that could affect investor sentiment and future holdings. This decision aligns with ongoing shifts in the financial landscape, particularly concerning mortgage-backed securities.
The iShares MBS ETF, previously known as the iShares Barclays MBS Bond Fund, aims to replicate the performance of the Barclays Capital U.S. MBS Index. This index measures the performance of investment-grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA).
As institutional interest in iShares MBS ETF continues to grow, investors are encouraged to stay informed about market trends and changes in the fund’s management strategies. For those interested in tracking the latest holdings and insider trades, resources like HoldingsChannel.com provide updated information on iShares MBS ETF and related financial activities.
