Beacon Financial Group Has $5.63 Million Holdings in iShares MBS ETF (NASDAQ:MBB)

Beacon Financial Group raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 17.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,375 shares of the company’s stock after acquiring an additional 9,320 shares during the quarter. Beacon Financial Group’s holdings in iShares MBS ETF were worth $5,627,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Hobbs Group Advisors LLC grew its stake in shares of iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in iShares MBS ETF in the third quarter valued at approximately $30,000. Godsey & Gibb Inc. bought a new stake in iShares MBS ETF in the third quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC increased its stake in shares of iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Activest Wealth Management bought a new position in shares of iShares MBS ETF during the 4th quarter valued at $58,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.3 %

Shares of NASDAQ:MBB opened at $91.95 on Wednesday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The firm has a fifty day moving average price of $91.98 and a 200 day moving average price of $93.54.

iShares MBS ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.3414 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

About iShares MBS ETF

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).