Magnus Financial Group LLC Has $1.31 Million Stock Position in iShares MBS ETF (NASDAQ:MBB)

Magnus Financial Group LLC decreased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 5.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,993 shares of the company’s stock after selling 804 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares MBS ETF were worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MBB. Tompkins Financial Corp grew its stake in iShares MBS ETF by 51.7% in the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock valued at $30,000 after buying an additional 109 shares during the last quarter. Curat Global LLC acquired a new position in iShares MBS ETF in the 1st quarter valued at $30,000. Truvestments Capital LLC acquired a new position in iShares MBS ETF in the 4th quarter valued at $36,000. Key Financial Inc grew its stake in iShares MBS ETF by 4,220.0% in the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in iShares MBS ETF in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.5%

NASDAQ:MBB opened at $91.75 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76. The firm’s fifty day simple moving average is $92.53 and its 200 day simple moving average is $92.52.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.3251 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Monday, June 2nd.

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).