Independent Financial Group LLC Invests $5.50 Million in iShares MBS ETF $MBB

Independent Financial Group LLC acquired a new stake in iShares MBS ETF (NASDAQ:MBB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,964 shares of the company’s stock, valued at approximately $5,504,000.

Other hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in iShares MBS ETF in the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. bought a new position in iShares MBS ETF during the 1st quarter valued at $28,000. First Community Trust NA bought a new position in iShares MBS ETF during the 1st quarter valued at $32,000. Nemes Rush Group LLC increased its position in shares of 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. Finally, Aventura Private Wealth LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $93.78 on Friday. The stock’s fifty day moving average is $94.15 and its 200-day moving average is $94.96. iShares MBS ETF has a one year low of $92.43 and a one year high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a dividend of $0.3373 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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). 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).