iShares MBS ETF (NASDAQ:MBB) Stake Raised by Smith Salley Wealth Management

Smith Salley Wealth Management grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 58.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 67,163 shares of the company’s stock after purchasing an additional 24,868 shares during the period. Smith Salley Wealth Management’s holdings in iShares MBS ETF were worth $6,158,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MBB. Exchange Traded Concepts LLC bought a new stake in iShares MBS ETF during the third quarter worth approximately $519,000. Ascent Group LLC grew its holdings in shares of iShares MBS ETF by 27.5% in the 2nd quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock worth $7,028,000 after acquiring an additional 16,488 shares during the last quarter. AAFMAA Wealth Management & Trust LLC grew its holdings in shares of iShares MBS ETF by 0.9% in the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock worth $6,409,000 after acquiring an additional 592 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in shares of iShares MBS ETF during the third quarter valued at $289,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares MBS ETF by 76.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 65,437 shares of the company’s stock valued at $6,008,000 after purchasing an additional 28,456 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $91.59 on Friday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The stock’s 50-day moving average price is $92.23 and its two-hundred day moving average price is $93.59.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares MBS ETF Company 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).