Bestgate Wealth Advisors LLC Acquires Shares of 12,458 iShares MBS ETF (NASDAQ:MBB)

Bestgate Wealth Advisors LLC acquired a new stake in iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 12,458 shares of the company’s stock, valued at approximately $1,142,000. iShares MBS ETF comprises approximately 2.3% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock worth $3,321,229,000 after acquiring an additional 5,521,374 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in iShares MBS ETF by 9,869.1% in the fourth quarter. Proficio Capital Partners LLC now owns 5,498,469 shares of the company’s stock valued at $504,100,000 after purchasing an additional 5,443,314 shares during the last quarter. Essential Planning LLC. increased its holdings in iShares MBS ETF by 6,413.4% in the fourth quarter. Essential Planning LLC. now owns 3,311,529 shares of the company’s stock valued at $308,457,000 after purchasing an additional 3,260,687 shares during the last quarter. Fisher Asset Management LLC increased its holdings in iShares MBS ETF by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after purchasing an additional 1,436,342 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in iShares MBS ETF in the fourth quarter valued at about $115,371,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.1 %

NASDAQ MBB opened at $93.29 on Wednesday. The stock has a 50-day simple moving average of $92.37 and a 200 day simple moving average of $93.22. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).