Prestige Wealth Management Group LLC grew its position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 17,959.5% in the 1st quarter, HoldingsChannel reports. The firm owned 316,041 shares of the company’s stock after acquiring an additional 314,291 shares during the quarter. iShares MBS ETF makes up about 5.9% of Prestige Wealth Management Group LLC’s holdings, making the stock its 4th biggest holding. Prestige Wealth Management Group LLC’s holdings in iShares MBS ETF were worth $30,008,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in MBB. Clearwater Capital Advisors LLC increased its position in shares of iShares MBS ETF by 4.4% during the 1st quarter. Clearwater Capital Advisors LLC now owns 325,036 shares of the company’s stock valued at $30,862,000 after purchasing an additional 13,771 shares during the last quarter. Signature Equity Partners LLC lifted its position in iShares MBS ETF by 27.4% in the 1st quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after buying an additional 121 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in iShares MBS ETF by 111.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 53,297 shares of the company’s stock worth $5,061,000 after buying an additional 28,034 shares during the last quarter. Alesco Advisors LLC An ESL Co boosted its stake in iShares MBS ETF by 1.1% in the first quarter. Alesco Advisors LLC An ESL Co now owns 75,512 shares of the company’s stock worth $7,170,000 after buying an additional 840 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in iShares MBS ETF by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after buying an additional 106,144 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.
iShares MBS ETF Trading Down 0.3%
Shares of NASDAQ MBB opened at $93.15 on Thursday. iShares MBS ETF has a one year low of $92.43 and a one year high of $96.96. The firm’s 50 day simple moving average is $94.09 and its two-hundred day simple moving average is $94.91.
iShares MBS ETF Announces Dividend
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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