Investor s Fiduciary Advisor Network LLC Makes New $1.36 Million Investment in iShares MBS ETF (NASDAQ:MBB)

Investor s Fiduciary Advisor Network LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,840 shares of the company’s stock, valued at approximately $1,360,000.

Several other institutional investors and hedge funds have also modified their holdings of MBB. JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 49.2% in the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after purchasing an additional 17,056,138 shares during the period. Proficio Capital Partners LLC grew its stake in iShares MBS ETF by 9,869.1% in the 4th 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 last quarter. Essential Planning LLC. raised its holdings in iShares MBS ETF by 6,413.4% in the 4th quarter. Essential Planning LLC. now owns 3,311,529 shares of the company’s stock worth $308,457,000 after acquiring an additional 3,260,687 shares during the period. LPL Financial LLC raised its holdings in iShares MBS ETF by 13.9% in the 4th quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock worth $2,003,943,000 after acquiring an additional 2,668,319 shares during the period. Finally, Bank of America Corp DE lifted its position in iShares MBS ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after acquiring an additional 1,826,521 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.2 %

Shares of NASDAQ:MBB opened at $92.68 on Friday. The stock’s 50-day moving average is $93.03 and its 200-day moving average is $92.60. iShares MBS ETF has a 52-week low of $90.03 and a 52-week high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.3255 dividend. The ex-dividend date was Thursday, May 1st. This represents a $3.91 dividend on an annualized basis and a yield of 4.21%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31.

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).