WESPAC Advisors SoCal LLC Makes New Investment in iShares MBS ETF $MBB

WESPAC Advisors SoCal LLC bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 1st quarter, Holdings Channel.com reports. The fund bought 36,992 shares of the company’s stock, valued at approximately $3,512,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ESL Trust Services LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth $28,000. Nemes Rush Group LLC grew its stake in iShares MBS ETF by 132.9% in the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares during the last quarter. Aventura Private Wealth LLC bought a new position in iShares MBS ETF in the fourth quarter worth about $35,000. Wealth Watch Advisors INC bought a new position in iShares MBS ETF in the third quarter worth about $35,000. Finally, Key Financial Inc raised its holdings in iShares MBS ETF by 96.9% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 187 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $94.48 on Friday. iShares MBS ETF has a one year low of $92.40 and a one year high of $96.96. The firm has a 50-day simple moving average of $94.52 and a two-hundred day simple moving average of $95.11.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.3334 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, June 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).