Pacific Excel Wealth Advisors Inc. Takes Position in iShares MBS ETF $MBB

Pacific Excel Wealth Advisors Inc. purchased a new stake in iShares MBS ETF (NASDAQ:MBB) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,494 shares of the company’s stock, valued at approximately $708,000.

A number of other hedge funds have also bought and sold shares of MBB. Bangor Savings Bank boosted its holdings in iShares MBS ETF by 7.3% in the 2nd quarter. Bangor Savings Bank now owns 422,012 shares of the company’s stock valued at $39,889,000 after purchasing an additional 28,558 shares during the period. RDA Financial Network increased its holdings in shares of iShares MBS ETF by 8.8% during the second quarter. RDA Financial Network now owns 17,076 shares of the company’s stock worth $1,614,000 after purchasing an additional 1,385 shares during the period. Boltwood Capital Management raised its position in shares of iShares MBS ETF by 3.6% in the second quarter. Boltwood Capital Management now owns 139,285 shares of the company’s stock valued at $13,165,000 after buying an additional 4,848 shares in the last quarter. WealthPoint Financial LLC raised its position in shares of iShares MBS ETF by 4.5% in the first quarter. WealthPoint Financial LLC now owns 15,891 shares of the company’s stock valued at $1,509,000 after buying an additional 679 shares in the last quarter. Finally, Redwood Investment Management LLC boosted its stake in shares of iShares MBS ETF by 11.9% in the first quarter. Redwood Investment Management LLC now owns 31,004 shares of the company’s stock valued at $2,944,000 after buying an additional 3,306 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Up 0.6%

Shares of MBB stock opened at $93.29 on Wednesday. iShares MBS ETF has a 1 year low of $92.68 and a 1 year high of $96.96. The stock has a 50 day simple moving average of $93.97 and a 200 day simple moving average of $94.77.

iShares MBS ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd will be issued a $0.3413 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.34.

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).