Abich Financial Wealth Management LLC Invests $585,000 in iShares MBS ETF $MBB

Abich Financial Wealth Management LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,149 shares of the company’s stock, valued at approximately $585,000. iShares MBS ETF accounts for 0.2% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position.

Other hedge funds also recently bought and sold shares of the company. Delos Wealth Advisors LLC bought a new position in shares of iShares MBS ETF in the second quarter worth about $26,000. Howe & Rusling Inc. grew its holdings in iShares MBS ETF by 184.0% in the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after buying an additional 184 shares during the last quarter. Tsfg LLC grew its stake in shares of iShares MBS ETF by 106.8% in the second quarter. Tsfg LLC now owns 335 shares of the company’s stock worth $31,000 after acquiring an additional 173 shares during the last quarter. Westfuller Advisors LLC bought a new position in shares of iShares MBS ETF during the 3rd quarter worth about $33,000. Finally, Evolution Wealth Management Inc. bought a new position in iShares MBS ETF during the second quarter valued at about $39,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.5%

MBB opened at $96.14 on Friday. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.25. The firm’s fifty day moving average price is $95.41 and its two-hundred day moving average price is $95.07.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a $0.3347 dividend. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Monday, February 2nd.

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).