iShares MBS ETF $MBB Stake Boosted by Bingham Private Wealth LLC

Bingham Private Wealth LLC lifted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,292 shares of the company’s stock after purchasing an additional 1,485 shares during the quarter. iShares MBS ETF comprises 1.7% of Bingham Private Wealth LLC’s portfolio, making the stock its 11th largest position. Bingham Private Wealth LLC’s holdings in iShares MBS ETF were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MBB. IMG Wealth Management Inc. bought a new stake in iShares MBS ETF in the first quarter valued at $30,000. Headlands Technologies LLC bought a new stake in iShares MBS ETF in the 1st quarter valued at about $31,000. Flaharty Asset Management LLC bought a new stake in iShares MBS ETF in the 1st quarter valued at about $34,000. MassMutual Private Wealth & Trust FSB boosted its stake 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 valued at $36,000 after purchasing an additional 295 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in iShares MBS ETF during the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $94.90 on Tuesday. The firm’s 50 day moving average is $94.41 and its two-hundred day moving average is $93.34. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $95.97.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.3363 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.3%.

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).