Elevation Point Wealth Partners LLC Increases Stake in iShares MBS ETF $MBB

Elevation Point Wealth Partners LLC boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 18.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,333 shares of the company’s stock after buying an additional 3,760 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in iShares MBS ETF were worth $2,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 26,767,449 shares of the company’s stock valued at $2,513,079,000 after purchasing an additional 153,806 shares during the period. TIAA Trust National Association increased its holdings in iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after purchasing an additional 18,631,536 shares during the period. Allworth Financial LP increased its holdings in iShares MBS ETF by 1.6% during the 2nd quarter. Allworth Financial LP now owns 3,101,316 shares of the company’s stock worth $291,183,000 after purchasing an additional 50,059 shares during the period. PNC Financial Services Group Inc. raised its position in iShares MBS ETF by 0.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock valued at $275,669,000 after purchasing an additional 8,399 shares in the last quarter. Finally, Renaissancere Holdings Ltd. purchased a new position in shares of iShares MBS ETF in the 1st quarter valued at about $267,782,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.98 on Thursday. The business has a 50-day simple moving average of $95.40 and a 200-day simple moving average of $94.00. iShares MBS ETF has a one year low of $90.28 and a one year high of $96.25.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were given a $0.342 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.34.

iShares MBS ETF Company 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).