WealthPlan Investment Management LLC Makes New Investment in iShares MBS ETF $MBB

WealthPlan Investment Management LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 24,342 shares of the company’s stock, valued at approximately $2,285,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Private Wealth Advisors LLC increased its stake in iShares MBS ETF by 2.8% in the 2nd quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock valued at $387,000 after buying an additional 114 shares during the period. Midwest Heritage Bank FSB increased its stake in iShares MBS ETF by 4.0% in the 2nd quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock valued at $280,000 after buying an additional 116 shares during the period. Legacy Capital Group California Inc. grew its position in iShares MBS ETF by 2.2% in the first quarter. Legacy Capital Group California Inc. now owns 5,495 shares of the company’s stock worth $515,000 after acquiring an additional 118 shares in the last quarter. Paces Ferry Wealth Advisors LLC grew its position in iShares MBS ETF by 5.4% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock worth $216,000 after acquiring an additional 119 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in iShares MBS ETF by 35.3% in the second quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock worth $43,000 after acquiring an additional 120 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $95.53 on Thursday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $95.97. The firm has a 50 day moving average of $94.65 and a two-hundred day moving average of $93.44.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a $0.3363 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

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).