Concurrent Investment Advisors LLC Has $2.89 Million Holdings in iShares MBS ETF $MBB

Concurrent Investment Advisors LLC grew its position in iShares MBS ETF (NASDAQ:MBB) by 57.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 30,785 shares of the company’s stock after acquiring an additional 11,194 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MBS ETF were worth $2,890,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Apollon Wealth Management LLC increased its position in iShares MBS ETF by 7.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 32,659 shares of the company’s stock worth $3,066,000 after purchasing an additional 2,174 shares during the last quarter. Lindenwold Advisors INC increased its holdings in shares of iShares MBS ETF by 12.0% during the 2nd quarter. Lindenwold Advisors INC now owns 67,783 shares of the company’s stock valued at $6,364,000 after acquiring an additional 7,238 shares during the last quarter. JB Capital LLC increased its holdings in shares of iShares MBS ETF by 5.7% during the 2nd quarter. JB Capital LLC now owns 286,448 shares of the company’s stock valued at $26,895,000 after acquiring an additional 15,511 shares during the last quarter. Endeavor Private Wealth Inc. increased its holdings in shares of iShares MBS ETF by 13.5% during the 2nd quarter. Endeavor Private Wealth Inc. now owns 32,235 shares of the company’s stock valued at $3,027,000 after acquiring an additional 3,829 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC increased its holdings in shares of iShares MBS ETF by 13.9% during the 2nd quarter. Cyndeo Wealth Partners LLC now owns 8,512 shares of the company’s stock valued at $799,000 after acquiring an additional 1,042 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ MBB opened at $95.46 on Tuesday. The business’s 50-day simple moving average is $94.58 and its 200-day simple moving average is $93.41. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $95.97.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders 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) dividend on an annualized basis and a dividend 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).