Mill Creek Capital Advisors LLC Increases Holdings in iShares MBS ETF $MBB

Mill Creek Capital Advisors LLC boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 746,585 shares of the company’s stock after acquiring an additional 51,797 shares during the quarter. iShares MBS ETF makes up about 1.4% of Mill Creek Capital Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Mill Creek Capital Advisors LLC’s holdings in iShares MBS ETF were worth $71,090,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ESL Trust Services LLC purchased a new position in iShares MBS ETF during the 4th quarter valued at about $28,000. Nemes Rush Group LLC increased its holdings in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares during the period. Aventura Private Wealth LLC purchased a new position in iShares MBS ETF during the 4th quarter valued at about $35,000. Wealth Watch Advisors INC purchased a new position in iShares MBS ETF during the 3rd quarter valued at about $35,000. Finally, Key Financial Inc increased its holdings in iShares MBS ETF by 96.9% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $94.38 on Monday. iShares MBS ETF has a 1 year low of $92.38 and a 1 year high of $96.96. The stock’s 50-day moving average is $94.56 and its 200 day moving average is $95.15.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.3334 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, June 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).