IFG Advisory LLC Buys 27,083 Shares of iShares MBS ETF $MBB

IFG Advisory LLC grew its position in iShares MBS ETF (NASDAQ:MBB) by 30.8% during the 2nd quarter, Holdings Channel reports. The firm owned 114,924 shares of the company’s stock after purchasing an additional 27,083 shares during the quarter. IFG Advisory LLC’s holdings in iShares MBS ETF were worth $10,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. LRI Investments LLC acquired a new position in iShares MBS ETF in the second quarter valued at about $30,000. Headlands Technologies LLC bought a new position in shares of iShares MBS ETF in the first quarter valued at approximately $31,000. Flaharty Asset Management LLC bought a new position in shares of iShares MBS ETF in the first quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB grew its position in iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after acquiring an additional 295 shares during the last quarter. Finally, McIlrath & Eck LLC grew its position in iShares MBS ETF by 128.5% during the 1st quarter. McIlrath & Eck LLC now owns 409 shares of the company’s stock worth $38,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1%

Shares of MBB opened at $95.50 on Friday. The stock has a fifty day moving average price of $95.16 and a two-hundred day moving average price of $93.66. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.25.

iShares MBS ETF Cuts Dividend

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

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).