Envestnet Asset Management Inc. Has $2.30 Billion Stake in iShares MBS ETF (NASDAQ:MBB)

Envestnet Asset Management Inc. increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,036,908 shares of the company’s stock after acquiring an additional 2,829,414 shares during the quarter. iShares MBS ETF makes up about 0.8% of Envestnet Asset Management Inc.’s portfolio, making the stock its 19th largest position. Envestnet Asset Management Inc. owned approximately 7.17% of iShares MBS ETF worth $2,298,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strait & Sound Wealth Management LLC increased its stake in iShares MBS ETF by 3.7% during the 1st quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock valued at $298,000 after purchasing an additional 117 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in iShares MBS ETF by 1.3% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock valued at $888,000 after acquiring an additional 119 shares in the last quarter. DB Fitzpatrick & Co Inc boosted its stake in iShares MBS ETF by 0.6% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock valued at $1,792,000 after purchasing an additional 119 shares during the last quarter. W Advisors LLC increased its holdings in iShares MBS ETF by 2.9% during the 1st quarter. W Advisors LLC now owns 4,329 shares of the company’s stock worth $400,000 after purchasing an additional 124 shares in the last quarter. Finally, New Republic Capital LLC raised its stake in shares of iShares MBS ETF by 5.0% in the first quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock worth $244,000 after purchasing an additional 125 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

MBB stock opened at $96.50 on Friday. The stock’s 50 day moving average is $94.41 and its 200-day moving average is $92.45. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $96.71.

iShares MBS ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares MBS ETF Company 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).