Beacon Financial Group Increases Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Beacon Financial Group raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 1.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,063 shares of the company’s stock after buying an additional 688 shares during the quarter. Beacon Financial Group’s holdings in iShares MBS ETF were worth $5,820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tompkins Financial Corp lifted its position in iShares MBS ETF by 51.7% during the first 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 period. Truvestments Capital LLC bought a new position in shares of iShares MBS ETF during the fourth quarter valued at $36,000. Key Financial Inc increased its holdings in shares of iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 422 shares in the last quarter. Activest Wealth Management bought a new position in shares of iShares MBS ETF during the fourth quarter valued at $58,000. Finally, CENTRAL TRUST Co increased its holdings in shares of iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after acquiring an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $92.58 on Thursday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.76. The business has a fifty day moving average price of $92.60 and a 200-day moving average price of $92.53.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.3251 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.90 annualized dividend and a dividend yield of 4.21%.

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).