71,706 Shares in iShares MBS ETF $MBB Bought by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC acquired a new position in iShares MBS ETF (NASDAQ:MBB) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 71,706 shares of the company’s stock, valued at approximately $6,823,000. iShares MBS ETF accounts for approximately 1.7% of Forefront Wealth Partners LLC’s holdings, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of iShares MBS ETF in the 4th quarter worth about $273,000. Aprio Wealth Management LLC purchased a new stake in iShares MBS ETF in the first quarter worth about $865,000. Ancora Advisors LLC increased its stake in shares of iShares MBS ETF by 12.0% during the first quarter. Ancora Advisors LLC now owns 69,905 shares of the company’s stock valued at $6,556,000 after purchasing an additional 7,479 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of iShares MBS ETF by 11.4% during the first quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock valued at $950,000 after purchasing an additional 1,034 shares in the last quarter. Finally, Clark Capital Management Group Inc. purchased a new position in shares of iShares MBS ETF during the first quarter valued at approximately $2,135,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $95.45 on Wednesday. The business’s 50 day moving average price is $95.39 and its 200-day moving average price is $94.55. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $96.25.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.334 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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). 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).