PAX Financial Group LLC Has $7.63 Million Stock Holdings in iShares MBS ETF $MBB

PAX Financial Group LLC increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 13.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 80,149 shares of the company’s stock after purchasing an additional 9,722 shares during the quarter. iShares MBS ETF comprises 1.3% of PAX Financial Group LLC’s holdings, making the stock its 20th biggest position. PAX Financial Group LLC’s holdings in iShares MBS ETF were worth $7,632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MBB. Howe & Rusling Inc. raised its position in iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares in the last quarter. Westfuller Advisors LLC acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $33,000. Aventura Private Wealth LLC acquired a new stake in iShares MBS ETF during the fourth quarter valued at approximately $35,000. Wealth Watch Advisors INC acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $35,000. Finally, Dunhill Financial LLC boosted its holdings in iShares MBS ETF by 3,554.5% during the fourth quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1%

NASDAQ MBB opened at $94.27 on Friday. The stock’s 50 day moving average is $94.95 and its two-hundred day moving average is $95.35. iShares MBS ETF has a 1-year low of $91.19 and a 1-year high of $96.96.

iShares MBS ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a dividend of $0.3346 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, May 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).