Friedenthal Financial Raises Holdings in iShares MBS ETF $MBB

Friedenthal Financial raised its stake in iShares MBS ETF (NASDAQ:MBB) by 1,103.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 47,536 shares of the company’s stock after buying an additional 43,585 shares during the quarter. iShares MBS ETF accounts for 2.3% of Friedenthal Financial’s investment portfolio, making the stock its 9th biggest holding. Friedenthal Financial’s holdings in iShares MBS ETF were worth $4,523,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in MBB. Delos Wealth Advisors LLC purchased a new stake in shares of iShares MBS ETF during the second quarter worth about $26,000. LRI Investments LLC acquired a new stake in iShares MBS ETF in the 2nd quarter worth approximately $30,000. Tsfg LLC boosted its stake in iShares MBS ETF by 106.8% in the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in iShares MBS ETF during the 1st quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after purchasing an additional 295 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of MBB opened at $95.13 on Wednesday. The company’s fifty day moving average price is $95.44 and its 200-day moving average price is $94.44. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.25.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be issued a dividend of $0.334 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, December 19th.

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). 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).