5T Wealth LLC Invests $2.75 Million in iShares MBS ETF (NASDAQ:MBB)

5T Wealth LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,981 shares of the company’s stock, valued at approximately $2,748,000. iShares MBS ETF makes up approximately 1.5% of 5T Wealth LLC’s holdings, making the stock its 18th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC purchased a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $2,960,000. Exchange Traded Concepts LLC bought a new position in shares of iShares MBS ETF in the third quarter valued at approximately $519,000. Trust Point Inc. bought a new position in shares of iShares MBS ETF in the third quarter valued at approximately $223,000. First Citizens Bank & Trust Co. grew its holdings in shares of iShares MBS ETF by 19.5% in the third quarter. First Citizens Bank & Trust Co. now owns 8,765 shares of the company’s stock valued at $840,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of iShares MBS ETF by 9.1% in the third quarter. Raymond James & Associates now owns 688,947 shares of the company’s stock valued at $66,008,000 after acquiring an additional 57,634 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.4 %

MBB stock opened at $92.43 on Monday. The business has a 50 day moving average of $91.84 and a 200-day moving average of $93.50. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.3414 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares MBS ETF’s previous dividend of $0.29.

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).