iShares MBS ETF (NASDAQ:MBB) Shares Bought by Summit Wealth Group LLC

Summit Wealth Group LLC boosted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 30.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,688 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. Summit Wealth Group LLC’s holdings in iShares MBS ETF were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in iShares MBS ETF by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock worth $3,321,229,000 after buying an additional 5,521,374 shares during the period. LPL Financial LLC grew its position in iShares MBS ETF by 6.3% during the third quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock worth $1,838,565,000 after buying an additional 1,138,182 shares during the period. Fisher Asset Management LLC grew its position in iShares MBS ETF by 8.3% during the third quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock worth $1,750,027,000 after buying an additional 1,404,263 shares during the period. Stifel Financial Corp grew its position in shares of iShares MBS ETF by 0.8% in the third quarter. Stifel Financial Corp now owns 3,550,412 shares of the company’s stock valued at $340,165,000 after purchasing an additional 27,441 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of iShares MBS ETF by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,533,548 shares of the company’s stock valued at $323,956,000 after purchasing an additional 258,036 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.6 %

MBB stock opened at $93.54 on Wednesday. The company’s 50 day simple moving average is $91.78 and its 200-day simple moving average is $93.40. 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 firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.3414 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).