Arax Advisory Partners Buys New Shares in iShares MBS ETF $MBB

Arax Advisory Partners acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 45,428 shares of the company’s stock, valued at approximately $4,326,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC bought a new position in shares of iShares MBS ETF during the fourth quarter valued at about $28,000. Nemes Rush Group LLC grew its stake in shares of iShares MBS ETF by 132.9% during the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after buying an additional 206 shares during the last quarter. Aventura Private Wealth LLC bought a new position in shares of iShares MBS ETF during the fourth quarter valued at about $35,000. Wealth Watch Advisors INC bought a new position in shares of iShares MBS ETF during the third quarter valued at about $35,000. Finally, Key Financial Inc grew its stake in shares of iShares MBS ETF by 96.9% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 187 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $94.38 on Monday. The stock’s 50-day moving average price is $94.56 and its 200-day moving average price is $95.15. iShares MBS ETF has a 12-month low of $92.38 and a 12-month high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3334 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

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).