MLG Wealth Management DBA Pine Grove Financial Group Acquires 20,356 Shares of iShares MBS ETF $MBB

MLG Wealth Management DBA Pine Grove Financial Group boosted its holdings in iShares MBS ETF (NASDAQ:MBB) by 14.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 159,607 shares of the company’s stock after acquiring an additional 20,356 shares during the period. iShares MBS ETF accounts for 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 17th biggest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares MBS ETF were worth $15,086,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Montgomery Financial Services LLC bought a new position in shares of iShares MBS ETF in the second quarter valued at about $27,000. ESL Trust Services LLC bought a new position in iShares MBS ETF in the 4th quarter valued at about $28,000. Brown Lisle Cummings Inc. acquired a new stake in iShares MBS ETF during the first quarter worth approximately $28,000. Field & Main Bank acquired a new stake in iShares MBS ETF during the second quarter worth approximately $30,000. Finally, First Community Trust NA bought a new stake in shares of iShares MBS ETF during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $92.71 on Tuesday. iShares MBS ETF has a 12 month low of $92.28 and a 12 month high of $96.96. The stock’s 50 day moving average is $93.36 and its 200-day moving average is $94.34.

iShares MBS ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.3388 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.4%.

About iShares MBS ETF

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).