iShares MBS ETF $MBB Stock Position Raised by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 2,800.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 109,264 shares of the company’s stock after purchasing an additional 105,497 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $9,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fermata Advisors LLC purchased a new position in iShares MBS ETF during the third quarter worth $4,017,000. Midwest Financial Network LLC grew its position in shares of iShares MBS ETF by 16.0% in the third quarter. Midwest Financial Network LLC now owns 3,943 shares of the company’s stock valued at $353,000 after purchasing an additional 545 shares during the period. Balefire LLC increased its stake in iShares MBS ETF by 37.3% in the third quarter. Balefire LLC now owns 26,435 shares of the company’s stock valued at $2,369,000 after purchasing an additional 7,179 shares during the last quarter. Successful Portfolios LLC boosted its stake in iShares MBS ETF by 4.4% in the 3rd quarter. Successful Portfolios LLC now owns 6,905 shares of the company’s stock worth $615,000 after buying an additional 291 shares during the last quarter. Finally, Intelligence Driven Advisers LLC acquired a new position in shares of iShares MBS ETF during the 3rd quarter valued at about $2,350,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

iShares MBS ETF stock traded down $0.01 during trading on Tuesday, reaching $89.82. The company had a trading volume of 992,298 shares, compared to its average volume of 3,109,992. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The stock’s 50 day moving average price is $91.82 and its two-hundred day moving average price is $93.43.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.3662 dividend. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a yield of 4.9%.

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).