On August 26, 2023, Jaffetilchin Investment Partners LLC announced a significant reduction in its holdings of iShares MBS ETF (NASDAQ:MBB) during the first quarter. According to a recent filing with the Securities and Exchange Commission (SEC), the institutional investor sold 90,413 shares of the company’s stock, representing a decrease of 69.5%. As a result, Jaffetilchin Investment Partners LLC now owns 39,696 shares of iShares MBS ETF with a total value of $3,760,000 at the end of the reporting period.
iShares MBS ETF is an exchange-traded fund that primarily invests in mortgage-backed securities (MBS). It aims to provide investors with exposure to U.S. agency mortgage-backed securities, which are backed by government-sponsored entities such as Fannie Mae and Freddie Mac. The fund seeks to track the investment results of an index composed of these securities.
Investors interested in exploring other hedge funds’ positions in iShares MBS ETF can visit HoldingsChannel.com to access the latest 13F filings and insider trades related to this particular fund. This information can be valuable for individuals seeking more comprehensive insights into market trends and investment strategies employed by various hedge funds.
Additionally, it is worth noting that iShares MBS ETF recently declared a monthly dividend. The dividend payment was made on August 7th to shareholders who held their positions until August 2nd. Investors received a dividend amounting to $0.2759 per share. Considering this payout on a yearly basis shows an annualized dividend of $3.31 per share and a yield of approximately 3.64%.
As always, investors should carefully review all relevant details and consider their financial goals and risk tolerance before making any investment decisions regarding iShares MBS ETF or any other investment product available on the market. Conducting thorough research and consulting with qualified professionals is essential for making informed choices in an ever-changing financial landscape.
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Institutional Investors and Hedge Funds Show Interest in iShares MBS ETF: Will it Lead to Further Growth?
As of the first quarter of this year, several institutional investors and hedge funds have been active in adjusting their stakes in iShares MBS ETF. Among them, Fairfield Bush & CO. acquired a new stake worth approximately $33,000, while Thompson Investment Management Inc. purchased shares valued at around $37,000. Fortis Capital Advisors LLC also joined in the buying spree by acquiring a stake worth about $41,000 in the fourth quarter.
Additionally, PrairieView Partners LLC jumped on the bandwagon and bought shares of iShares MBS ETF amounting to approximately $46,000 during the first quarter. However, the most notable investment came from Graham Capital Wealth Management LLC, which purchased a substantial stake worth an eye-popping $494,964,000. Impressively enough, these institutional investors own 86.23% of the stock.
On Friday, MBB experienced a small increase of $0.07 and reached a trading price of $90.92 with a trading volume of 1,194,295 shares – slightly below its average volume of 2,115,517 shares. The fifty-two week performance shows that iShares MBS ETF had a low point of $88.00 and a high point of $97.86 during that period. Its fifty-day moving average currently stands at $92.39 and its 200-day moving average at $93.63.
iShares MBS ETF is an exchange-traded fund formerly known as iShares Barclays MBS Bond Fund. The fundamental objective of this fund is to achieve investment results that correspond to the price and yield performance exhibited by the Barclays Capital U.S. MBS Index (the Index). This index measures the performance specifically for investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).
Overall, with its recent investment activity from various institutional investors and hedge funds paired with moderate trading activity and adequate financial indicators, iShares MBS ETF appears to be holding its own in the market during these uncertain times. As such, it will be interesting to observe if these investments lead to further growth and success for the fund moving forward.
