Talon Private Wealth LLC Invests $24.45 Million in iShares MBS ETF $MBB

Talon Private Wealth LLC acquired a new position in iShares MBS ETF (NASDAQ:MBB) during the first quarter, HoldingsChannel.com reports. The fund acquired 257,501 shares of the company’s stock, valued at approximately $24,450,000. iShares MBS ETF comprises 3.2% of Talon Private Wealth LLC’s holdings, making the stock its 10th largest holding.

Several other institutional investors have also added to or reduced their stakes in MBB. ESL Trust Services LLC acquired a new stake in iShares MBS ETF during the 4th quarter valued at approximately $28,000. Brown Lisle Cummings Inc. acquired a new position in shares of iShares MBS ETF in the 1st quarter worth approximately $28,000. First Community Trust NA acquired a new position in shares of iShares MBS ETF in the 1st quarter worth approximately $32,000. Nemes Rush Group LLC lifted its position in shares of iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares during the period. Finally, Wealth Watch Advisors INC bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $35,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.3%

MBB opened at $93.67 on Wednesday. iShares MBS ETF has a twelve month low of $92.82 and a twelve month high of $96.96. The company has a fifty day moving average of $94.06 and a 200-day moving average of $94.86.

iShares MBS ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3373 per share. 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).