IFS Group LLC Acquires Shares of 20,722 iShares MBS ETF $MBB

IFS Group LLC acquired a new stake in iShares MBS ETF (NASDAQ:MBB) in the first quarter, HoldingsChannel.com reports. The fund acquired 20,722 shares of the company’s stock, valued at approximately $1,968,000. iShares MBS ETF makes up about 1.8% of IFS Group LLC’s portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Legacy Edge Advisors LLC bought a new stake in shares of iShares MBS ETF during the 4th quarter worth about $1,687,000. ASL Financial LLC bought a new position in iShares MBS ETF in the 4th quarter valued at about $977,000. World Investment Advisors raised its holdings in iShares MBS ETF by 99.0% in the 4th quarter. World Investment Advisors now owns 112,883 shares of the company’s stock valued at $10,749,000 after acquiring an additional 56,162 shares during the period. Bangor Savings Bank lifted its position in iShares MBS ETF by 10.1% during the fourth quarter. Bangor Savings Bank now owns 378,823 shares of the company’s stock worth $36,072,000 after acquiring an additional 34,786 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC lifted its position in iShares MBS ETF by 4.8% during the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 1,064,604 shares of the company’s stock worth $101,372,000 after acquiring an additional 49,015 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $93.23 on Thursday. iShares MBS ETF has a 12-month low of $92.82 and a 12-month high of $96.96. The business has a 50 day moving average of $94.05 and a 200-day moving average of $94.84.

iShares MBS ETF Announces Dividend

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