Beacon Financial Group Increases Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Beacon Financial Group lifted its position in iShares MBS ETF (NASDAQ:MBB) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,063 shares of the company’s stock after buying an additional 688 shares during the quarter. Beacon Financial Group’s holdings in iShares MBS ETF were worth $5,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MBB. JPMorgan Chase & Co. grew its position in iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after acquiring an additional 17,056,138 shares during the last quarter. Proficio Capital Partners LLC grew its position in iShares MBS ETF by 9,869.1% during the fourth quarter. Proficio Capital Partners LLC now owns 5,498,469 shares of the company’s stock valued at $504,100,000 after acquiring an additional 5,443,314 shares during the last quarter. Essential Planning LLC. grew its position in iShares MBS ETF by 6,413.4% during the fourth quarter. Essential Planning LLC. now owns 3,311,529 shares of the company’s stock valued at $308,457,000 after acquiring an additional 3,260,687 shares during the last quarter. LPL Financial LLC grew its position in iShares MBS ETF by 13.9% during the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after acquiring an additional 2,668,319 shares during the last quarter. Finally, Bank of America Corp DE grew its position in iShares MBS ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after acquiring an additional 1,826,521 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $92.58 on Thursday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.76. The business has a 50 day moving average price of $92.60 and a 200-day moving average price of $92.53.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be paid a $0.3251 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Monday, June 2nd.

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).