iShares MBS ETF (NASDAQ:MBB) Stock Position Increased by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,676,916 shares of the company’s stock after purchasing an additional 106,588 shares during the period. iShares MBS ETF accounts for approximately 3.1% of Miracle Mile Advisors LLC’s portfolio, making the stock its 5th largest holding. Miracle Mile Advisors LLC’s holdings in iShares MBS ETF were worth $157,261,000 as of its most recent SEC filing.

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

iShares MBS ETF Price Performance

Shares of MBB opened at $91.75 on Friday. The company’s 50 day simple moving average is $92.53 and its 200 day simple moving average is $92.52. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.3251 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date was Monday, June 2nd.

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).