RFG Advisory LLC Increases Stock Position in iShares MBS ETF $MBB

RFG Advisory LLC lifted its stake in iShares MBS ETF (NASDAQ:MBB) by 170.5% in the first quarter, HoldingsChannel.com reports. The fund owned 10,791 shares of the company’s stock after purchasing an additional 6,802 shares during the period. RFG Advisory LLC’s holdings in iShares MBS ETF were worth $1,025,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brown Lisle Cummings Inc. purchased a new stake in iShares MBS ETF in the first quarter worth approximately $28,000. Apella Capital LLC raised its stake in iShares MBS ETF by 14.0% during the 1st quarter. Apella Capital LLC now owns 3,748 shares of the company’s stock valued at $358,000 after buying an additional 459 shares during the last quarter. Centennial Wealth Advisory LLC raised its stake in iShares MBS ETF by 2.6% during the 1st quarter. Centennial Wealth Advisory LLC now owns 34,274 shares of the company’s stock valued at $3,254,000 after buying an additional 856 shares during the last quarter. Nottingham Advisors Inc. lifted its holdings in shares of iShares MBS ETF by 16.9% during the 1st quarter. Nottingham Advisors Inc. now owns 795,251 shares of the company’s stock valued at $75,509,000 after buying an additional 114,881 shares during the period. Finally, Bar Harbor Wealth Management bought a new position in shares of iShares MBS ETF during the 1st quarter valued at $358,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $94.93 on Monday. iShares MBS ETF has a 1 year low of $92.40 and a 1 year high of $96.96. The stock’s fifty day moving average price is $94.47 and its 200-day moving average price is $95.09.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.3334 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).