Sax Wealth Advisors LLC Purchases New Stake in iShares MBS ETF $MBB

Sax Wealth Advisors LLC purchased a new stake in iShares MBS ETF (NASDAQ:MBB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,286 shares of the company’s stock, valued at approximately $496,000.

Other institutional investors have also recently modified their holdings of the company. Watershed Private Wealth LLC raised its holdings in iShares MBS ETF by 1.5% during the second quarter. Watershed Private Wealth LLC now owns 9,458 shares of the company’s stock worth $888,000 after purchasing an additional 137 shares during the last quarter. Bellevue Asset Management LLC raised its holdings in iShares MBS ETF by 2,752.6% during the second quarter. Bellevue Asset Management LLC now owns 1,084 shares of the company’s stock worth $102,000 after purchasing an additional 1,046 shares during the last quarter. Tyche Wealth Partners LLC acquired a new position in iShares MBS ETF during the second quarter worth $605,000. Bingham Private Wealth LLC raised its holdings in iShares MBS ETF by 8.3% during the second quarter. Bingham Private Wealth LLC now owns 19,292 shares of the company’s stock worth $1,811,000 after purchasing an additional 1,485 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in iShares MBS ETF by 1.1% during the second quarter. SteelPeak Wealth LLC now owns 163,271 shares of the company’s stock worth $15,330,000 after purchasing an additional 1,825 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.0%

Shares of MBB stock opened at $95.13 on Thursday. The stock has a fifty day moving average price of $94.48 and a 200 day moving average price of $93.36. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $95.97.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.3363 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.2%.

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).