Fairway Wealth LLC Buys New Shares in iShares MBS ETF (NASDAQ:MBB)

Fairway Wealth LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, Holdings Channel reports. The fund purchased 1,570 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised 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 acquiring an additional 5,521,374 shares in the last quarter. Fisher Asset Management LLC lifted its stake in iShares MBS ETF by 7.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after purchasing an additional 1,436,342 shares during the last quarter. LPL Financial LLC grew its holdings 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 purchasing an additional 1,138,182 shares during the period. Proficio Capital Partners LLC raised its stake in iShares MBS ETF by 9,869.1% in the fourth quarter. Proficio Capital Partners LLC now owns 5,498,469 shares of the company’s stock valued at $504,100,000 after buying an additional 5,443,314 shares during the period. Finally, Stifel Financial Corp lifted 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 buying an additional 27,441 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $93.63 on Tuesday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The business’s 50 day simple moving average is $92.17 and its 200 day simple moving average is $93.32.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).