Sax Wealth Advisors LLC Invests $496,000 in iShares MBS ETF $MBB

Sax Wealth Advisors LLC purchased a new position in iShares MBS ETF (NASDAQ:MBB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,286 shares of the company’s stock, valued at approximately $496,000.

Other institutional investors also recently made changes to their positions in the company. J.W. Cole Advisors Inc. raised its holdings in shares of iShares MBS ETF by 173.4% in the first quarter. J.W. Cole Advisors Inc. now owns 12,121 shares of the company’s stock worth $1,137,000 after acquiring an additional 7,687 shares during the last quarter. Keystone Global Partners LLC raised its holdings in shares of iShares MBS ETF by 128.9% in the second quarter. Keystone Global Partners LLC now owns 1,094 shares of the company’s stock worth $103,000 after acquiring an additional 616 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of iShares MBS ETF by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock worth $375,000 after acquiring an additional 1,410 shares during the last quarter. First American Trust FSB increased its stake in iShares MBS ETF by 6.7% in the first quarter. First American Trust FSB now owns 59,257 shares of the company’s stock valued at $5,557,000 after purchasing an additional 3,713 shares during the last quarter. Finally, Beacon Financial Advisory LLC increased its stake in iShares MBS ETF by 8.8% in the second quarter. Beacon Financial Advisory LLC now owns 7,604 shares of the company’s stock valued at $714,000 after purchasing an additional 615 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.0%

iShares MBS ETF stock opened at $95.13 on Thursday. The stock has a fifty day moving average price of $94.48 and a 200 day moving average price of $93.36. 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. Investors of record on Wednesday, October 1st were paid a $0.3363 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, October 1st.

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).