Modern Wealth Management LLC Has $17.55 Million Stake in iShares MBS ETF $MBB

Modern Wealth Management LLC lifted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 26.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 185,341 shares of the company’s stock after purchasing an additional 39,034 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MBS ETF were worth $17,546,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in iShares MBS ETF during the 4th quarter valued at $28,000. Brown Lisle Cummings Inc. acquired a new position in shares of iShares MBS ETF in the first quarter valued at $28,000. First Community Trust NA bought a new position in shares of iShares MBS ETF in the first quarter valued at about $32,000. Nemes Rush Group LLC raised its position in shares of iShares MBS ETF by 132.9% in the fourth 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, Wealth Watch Advisors INC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth about $35,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $92.88 on Friday. The firm has a 50-day moving average of $94.06 and a 200-day moving average of $94.90. iShares MBS ETF has a 52-week low of $92.43 and a 52-week high of $96.96.

iShares MBS ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3373 per share. The ex-dividend date was Wednesday, July 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).