PAX Financial Group LLC Has $7.63 Million Position in iShares MBS ETF $MBB

PAX Financial Group LLC grew its holdings in iShares MBS ETF (NASDAQ:MBB) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,149 shares of the company’s stock after purchasing an additional 9,722 shares during the quarter. iShares MBS ETF comprises 1.3% of PAX Financial Group LLC’s portfolio, making the stock its 20th biggest holding. PAX Financial Group LLC’s holdings in iShares MBS ETF were worth $7,632,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MBB. Bank of America Corp DE grew its position in shares of iShares MBS ETF by 11.8% in the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after purchasing an additional 7,566,099 shares during the last quarter. Barclays PLC grew its position in iShares MBS ETF by 77.1% during the third quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock worth $726,259,000 after buying an additional 3,322,737 shares in the last quarter. TIAA Trust National Association grew its position in iShares MBS ETF by 5.8% during the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock worth $2,413,954,000 after buying an additional 1,399,487 shares in the last quarter. Fisher Asset Management LLC grew its position in iShares MBS ETF by 5.7% during the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after buying an additional 1,206,273 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after buying an additional 1,182,620 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock opened at $94.27 on Friday. iShares MBS ETF has a twelve month low of $91.19 and a twelve month high of $96.96. The business’s 50-day simple moving average is $94.95 and its 200 day simple moving average is $95.35.

iShares MBS ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.3346 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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).