Envestnet Portfolio Solutions Inc. Acquires 262,187 Shares of iShares MBS ETF (NASDAQ:MBB)

Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,286,521 shares of the company’s stock after purchasing an additional 262,187 shares during the quarter. iShares MBS ETF accounts for 1.0% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 23rd biggest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares MBS ETF were worth $301,308,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. purchased a new stake in iShares MBS ETF in the third quarter worth approximately $289,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of iShares MBS ETF by 2.0% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 48,299 shares of the company’s stock valued at $4,628,000 after buying an additional 960 shares during the period. Spectrum Investment Advisors Inc. boosted its stake in shares of iShares MBS ETF by 1.9% in the 3rd quarter. Spectrum Investment Advisors Inc. now owns 128,160 shares of the company’s stock worth $12,279,000 after buying an additional 2,368 shares during the last quarter. TSA Wealth Managment LLC grew its holdings in shares of iShares MBS ETF by 1.1% in the third quarter. TSA Wealth Managment LLC now owns 96,435 shares of the company’s stock worth $9,239,000 after acquiring an additional 1,094 shares during the period. Finally, Evolution Wealth Advisors LLC increased its position in iShares MBS ETF by 11.4% during the third quarter. Evolution Wealth Advisors LLC now owns 7,132 shares of the company’s stock valued at $683,000 after acquiring an additional 731 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $93.00 on Friday. The stock’s 50-day simple moving average is $92.29 and its two-hundred day simple moving average is $93.27. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).