WealthPoint Financial LLC Buys New Stake in iShares MBS ETF $MBB

WealthPoint Financial LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,212 shares of the company’s stock, valued at approximately $1,448,000. iShares MBS ETF makes up 1.3% of WealthPoint Financial LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors also recently made changes to their positions in MBB. ESL Trust Services LLC acquired a new stake in shares of iShares MBS ETF during the fourth quarter valued at $28,000. Nemes Rush Group LLC raised its stake in iShares MBS ETF by 132.9% in the 4th 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 acquired a new position in iShares MBS ETF in the 4th quarter valued at about $35,000. Wealth Watch Advisors INC acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $35,000. Finally, Key Financial Inc lifted its holdings in iShares MBS ETF by 96.9% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 187 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

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iShares MBS ETF Stock Up 0.3%

iShares MBS ETF stock opened at $94.48 on Friday. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96. The firm’s 50-day moving average is $94.54 and its two-hundred day moving average is $95.11.

iShares MBS ETF Cuts Dividend

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

iShares MBS ETF Profile

(Free Report)

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).

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