iShares MBS ETF $MBB Position Lifted by Beacon Financial Group

Beacon Financial Group grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 19.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 79,567 shares of the company’s stock after purchasing an additional 13,127 shares during the quarter. Beacon Financial Group’s holdings in iShares MBS ETF were worth $7,571,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MBB. DAVENPORT & Co LLC grew its stake in iShares MBS ETF by 9.2% in the second quarter. DAVENPORT & Co LLC now owns 7,323 shares of the company’s stock worth $688,000 after purchasing an additional 614 shares in the last quarter. Ironwood Investment Counsel LLC bought a new position in iShares MBS ETF during the 2nd quarter worth approximately $206,000. Global Retirement Partners LLC bought a new position in iShares MBS ETF during the 2nd quarter worth approximately $18,788,000. Keystone Global Partners LLC grew its position in shares of iShares MBS ETF by 128.9% in the 2nd quarter. Keystone Global Partners LLC now owns 1,094 shares of the company’s stock worth $103,000 after acquiring an additional 616 shares in the last quarter. Finally, CW Advisors LLC grew its position in shares of iShares MBS ETF by 29.5% in the 2nd quarter. CW Advisors LLC now owns 67,938 shares of the company’s stock worth $6,379,000 after acquiring an additional 15,495 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.0%

Shares of NASDAQ MBB opened at $95.31 on Thursday. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.25. The business has a 50 day simple moving average of $95.44 and a 200-day simple moving average of $94.34.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were issued a dividend of $0.3469 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Monday, December 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).