Investor’s Fiduciary Advisor Network LLC has significantly increased its presence in the financial market by acquiring a new stake in the Janus Henderson Mortgage-Backed Securities ETF (NYSEARCA: JMBS) during the third quarter of 2023. The acquisition includes approximately 19,300 shares, valued at around $881,000, as detailed in the firm’s latest filing with the Securities and Exchange Commission.
This recent investment follows a trend among institutional investors and hedge funds, many of whom have either added to or adjusted their stakes in JMBS. For instance, Bank of America Corp DE expanded its holdings by 11.6% during the second quarter, now owning 18,218,672 shares valued at approximately $820.75 million after increasing its position by 1,893,960 shares.
Other notable investors also adjusted their stakes in the ETF. Charles Schwab Investment Management Inc. raised its ownership by 1.6%, resulting in 8,051,033 shares worth about $362.7 million. Similarly, Raymond James Financial Inc. increased its holdings by 3.2%, bringing its total to 3,066,906 shares valued at $138.16 million. CW Advisors LLC and Envestnet Asset Management Inc. also made strategic increases in their positions, reflecting a broader institutional interest in the ETF.
Market Performance and Overview
As of Thursday, the Janus Henderson Mortgage-Backed Securities ETF opened at $45.94. The ETF has demonstrated stable pricing, with a fifty-day moving average of $45.79 and a two-hundred-day moving average of $45.53. Over the past year, JMBS has seen a price range from a low of $43.59 to a high of $46.20.
The Janus Henderson Mortgage-Backed Securities ETF is designed to track the performance of the Bloomberg U.S. MBS Index and operates as an actively managed fund focused on mortgage-backed securities. Launched on September 12, 2018, it aims to achieve a high level of total return for its investors.
This increase in institutional interest reflects an ongoing confidence in the mortgage-backed securities market, which is often viewed as a stable investment option. The adjustments made by various funds indicate a strategic shift that could influence the future performance of JMBS and similar financial instruments.
For those interested in tracking further developments regarding JMBS, resources such as HoldingsChannel.com provide insights into the latest 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing news and analyst ratings related to the Janus Henderson Mortgage-Backed Securities ETF and its market performance.
