Spire Wealth Management Increases Position in iShares MBS ETF (NASDAQ:MBB)

Spire Wealth Management boosted its holdings in iShares MBS ETF (NASDAQ:MBBFree Report) by 0.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 51,140 shares of the company’s stock after purchasing an additional 396 shares during the quarter. Spire Wealth Management’s holdings in iShares MBS ETF were worth $4,541,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MBB. Jones Financial Companies Lllp raised its stake in shares of iShares MBS ETF by 216.2% during the second quarter. Jones Financial Companies Lllp now owns 4,500 shares of the company’s stock valued at $420,000 after purchasing an additional 3,077 shares during the period. Goelzer Investment Management Inc. raised its stake in shares of iShares MBS ETF by 6.3% during the second quarter. Goelzer Investment Management Inc. now owns 102,818 shares of the company’s stock valued at $9,589,000 after purchasing an additional 6,116 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of iShares MBS ETF during the second quarter valued at approximately $811,000. Wright Fund Management LLC raised its stake in shares of iShares MBS ETF by 50.4% during the second quarter. Wright Fund Management LLC now owns 1,955,983 shares of the company’s stock valued at $182,425,000 after purchasing an additional 655,183 shares during the period. Finally, TIAA FSB raised its stake in shares of iShares MBS ETF by 27.8% during the second quarter. TIAA FSB now owns 3,955,219 shares of the company’s stock valued at $368,884,000 after purchasing an additional 860,233 shares during the period. Hedge funds and other institutional investors own 92.51% of the company’s stock.

iShares MBS ETF Trading Down 1.0 %

MBB opened at $93.02 on Monday. The firm’s 50 day moving average is $92.89 and its 200-day moving average is $90.85. iShares MBS ETF has a 52-week low of $85.28 and a 52-week high of $96.07.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.2968 per share. The ex-dividend date is Thursday, February 1st. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.83%.

iShares MBS ETF Profile

(Free Report)

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).

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Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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