Modern Wealth Management LLC Buys 39,034 Shares of iShares MBS ETF $MBB

Modern Wealth Management LLC grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 26.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 185,341 shares of the company’s stock after purchasing an additional 39,034 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares MBS ETF were worth $17,546,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares MBS ETF in the 1st quarter valued at approximately $138,835,000. Bank of Montreal Can increased its holdings in iShares MBS ETF by 102.6% during the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock worth $274,569,000 after buying an additional 1,460,545 shares during the last quarter. LPL Financial LLC increased its holdings in iShares MBS ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after buying an additional 1,104,895 shares during the last quarter. Renaissancere Holdings Ltd. raised its position in iShares MBS ETF by 34.9% during the third quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after acquiring an additional 997,000 shares in the last quarter. Finally, Beacon Pointe Advisors LLC raised its position in iShares MBS ETF by 1,599.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock worth $81,050,000 after acquiring an additional 801,103 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.3%

Shares of MBB stock opened at $92.88 on Friday. The company has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $94.90. iShares MBS ETF has a one year low of $92.43 and a one year high of $96.96.

iShares MBS ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, July 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). 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).