Lenox Wealth Management Inc. increased its holdings in iShares MBS ETF (NASDAQ:MBB) by 36.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 53,820 shares of the company’s stock after purchasing an additional 14,248 shares during the period. iShares MBS ETF makes up about 1.7% of Lenox Wealth Management Inc.’s holdings, making the stock its 9th biggest holding. Lenox Wealth Management Inc.’s holdings in iShares MBS ETF were worth $5,828,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MBB. Litman Gregory Asset Management LLC purchased a new position in shares of iShares MBS ETF in the second quarter valued at $29,000. Sandy Spring Bank grew its position in iShares MBS ETF by 197.7% during the third quarter. Sandy Spring Bank now owns 262 shares of the company’s stock valued at $29,000 after acquiring an additional 174 shares during the period. Golden State Wealth Management LLC boosted its holdings in iShares MBS ETF by 70.1% in the third quarter. Golden State Wealth Management LLC now owns 279 shares of the company’s stock valued at $30,000 after purchasing an additional 115 shares during the last quarter. MCF Advisors LLC purchased a new position in iShares MBS ETF in the second quarter valued at about $31,000. Finally, Gemmer Asset Management LLC acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $35,000.
NASDAQ MBB traded up $0.09 on Friday, reaching $107.81. 523,900 shares of the stock traded hands, compared to its average volume of 1,182,053. iShares MBS ETF has a 12 month low of $101.78 and a 12 month high of $108.53. The firm’s fifty day simple moving average is $108.10 and its 200 day simple moving average is $107.49.
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).
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