FWG Investments LLC. Makes New $258,000 Investment in iShares MBS ETF $MBB

FWG Investments LLC. purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the second quarter, Holdings Channel.com reports. The firm purchased 2,749 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in shares of iShares MBS ETF by 9.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 7,323 shares of the company’s stock valued at $688,000 after acquiring an additional 614 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of iShares MBS ETF by 173.4% in the first quarter. J.W. Cole Advisors Inc. now owns 12,121 shares of the company’s stock worth $1,137,000 after purchasing an additional 7,687 shares during the last quarter. Keystone Global Partners LLC raised its stake in iShares MBS ETF by 128.9% in the second quarter. Keystone Global Partners LLC now owns 1,094 shares of the company’s stock valued at $103,000 after purchasing an additional 616 shares in the last quarter. Golden State Wealth Management LLC raised its stake in iShares MBS ETF by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock valued at $375,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Clarendon Private LLC lifted its position in iShares MBS ETF by 5.3% during the second quarter. Clarendon Private LLC now owns 10,479 shares of the company’s stock valued at $984,000 after purchasing an additional 530 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $95.50 on Friday. The firm has a 50 day simple moving average of $95.16 and a two-hundred day simple moving average of $93.66. iShares MBS ETF has a one year low of $90.28 and a one year high of $96.25.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were paid a $0.3363 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

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).