First Citizens Bank & Trust Co. grew its stake in iShares MBS ETF (NASDAQ:MBB – Free Report) by 111.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,297 shares of the company’s stock after purchasing an additional 28,034 shares during the period. First Citizens Bank & Trust Co.’s holdings in iShares MBS ETF were worth $5,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in MBB. Ferguson Wellman Capital Management Inc. purchased a new stake in iShares MBS ETF in the 1st quarter valued at $138,835,000. Bank of Montreal Can increased its stake in shares of iShares MBS ETF by 102.6% in the 4th quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock worth $274,569,000 after acquiring an additional 1,460,545 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after acquiring an additional 1,104,895 shares during the period. Renaissancere Holdings Ltd. raised its holdings in shares of iShares MBS ETF by 34.9% during the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after acquiring an additional 997,000 shares during the period. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of iShares MBS ETF by 1,599.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock worth $81,050,000 after acquiring an additional 801,103 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.
iShares MBS ETF Price Performance
Shares of MBB stock opened at $93.41 on Wednesday. iShares MBS ETF has a twelve month low of $92.43 and a twelve month high of $96.96. The company’s 50-day moving average price is $94.12 and its 200-day moving average price is $94.93.
iShares MBS ETF Dividend Announcement
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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).
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