Merit Financial Group LLC Raises Stock Position in iShares MBS ETF $MBB

Merit Financial Group LLC increased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 7.3% in the 4th quarter, HoldingsChannel reports. The firm owned 1,271,085 shares of the company’s stock after acquiring an additional 86,995 shares during the quarter. iShares MBS ETF makes up approximately 1.0% of Merit Financial Group LLC’s holdings, making the stock its 20th largest holding. Merit Financial Group LLC’s holdings in iShares MBS ETF were worth $121,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Howe & Rusling Inc. raised its holdings in shares of iShares MBS ETF by 184.0% during the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Westfuller Advisors LLC purchased a new position in shares of iShares MBS ETF during the third quarter worth $33,000. Aventura Private Wealth LLC purchased a new position in shares of iShares MBS ETF during the fourth quarter worth $35,000. Wealth Watch Advisors INC purchased a new position in shares of iShares MBS ETF during the third quarter worth $35,000. Finally, Toth Financial Advisory Corp purchased a new position in shares of iShares MBS ETF during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.25 on Friday. The firm has a fifty day moving average price of $95.45 and a 200 day moving average price of $95.43. iShares MBS ETF has a 1 year low of $91.19 and a 1 year high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were issued a dividend of $0.3329 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, April 1st.

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). 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).