Frisch Financial Group Inc. Has $2.20 Million Position in iShares MBS ETF $MBB

Frisch Financial Group Inc. grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 801.5% during the 1st quarter, HoldingsChannel reports. The fund owned 23,160 shares of the company’s stock after acquiring an additional 20,591 shares during the period. Frisch Financial Group Inc.’s holdings in iShares MBS ETF were worth $2,199,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MBB. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of iShares MBS ETF during the first quarter worth $138,835,000. Bank of Montreal Can grew its stake in iShares MBS ETF by 102.6% in the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock valued at $274,569,000 after purchasing an additional 1,460,545 shares in the last quarter. LPL Financial LLC grew its stake in iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after purchasing an additional 1,104,895 shares in the last quarter. Renaissancere Holdings Ltd. increased its position in iShares MBS ETF by 34.9% in the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after purchasing an additional 997,000 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its position in iShares MBS ETF by 1,599.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock worth $81,050,000 after purchasing an additional 801,103 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.1%

MBB opened at $93.76 on Friday. iShares MBS ETF has a fifty-two week low of $92.43 and a fifty-two week high of $96.96. The business has a 50-day moving average of $94.18 and a 200-day moving average of $94.97.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.3373 dividend. The ex-dividend date was Wednesday, July 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).