SteelPeak Wealth LLC increased its stake in iShares MBS ETF (NASDAQ:MBB – Free Report) by 520.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,869 shares of the company’s stock after purchasing an additional 161,788 shares during the period. SteelPeak Wealth LLC’s holdings in iShares MBS ETF were worth $17,285,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. IFP Advisors Inc boosted its stake in iShares MBS ETF by 3.6% during the 3rd quarter. IFP Advisors Inc now owns 23,534 shares of the company’s stock valued at $2,109,000 after purchasing an additional 811 shares during the period. ShoreHaven Wealth Partners LLC bought a new position in iShares MBS ETF in the 3rd quarter worth about $2,182,000. Robertson Stephens Wealth Management LLC grew its position in iShares MBS ETF by 31.4% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 3,055 shares of the company’s stock worth $274,000 after purchasing an additional 730 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new position in iShares MBS ETF in the 3rd quarter worth about $18,493,000. Finally, Snider Financial Group grew its position in iShares MBS ETF by 5.7% in the 3rd quarter. Snider Financial Group now owns 21,463 shares of the company’s stock worth $1,923,000 after purchasing an additional 1,162 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.
iShares MBS ETF Stock Performance
Shares of NASDAQ:MBB opened at $90.52 on Friday. The firm’s 50 day moving average is $91.58 and its two-hundred day moving average is $93.32. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.
iShares MBS ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Thursday, October 1st.
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).
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