Belpointe Asset Management LLC Grows Stock Position in iShares MBS ETF $MBB

Belpointe Asset Management LLC increased its holdings in iShares MBS ETF (NASDAQ:MBB) by 21.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,332 shares of the company’s stock after buying an additional 10,202 shares during the quarter. Belpointe Asset Management LLC’s holdings in iShares MBS ETF were worth $5,477,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new stake in shares of iShares MBS ETF during the 1st quarter valued at $30,000. Headlands Technologies LLC purchased a new position in iShares MBS ETF during the first quarter valued at $31,000. Flaharty Asset Management LLC purchased a new position in iShares MBS ETF during the first quarter valued at $34,000. MassMutual Private Wealth & Trust FSB grew its holdings in iShares MBS ETF by 317.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares during the period. Finally, MorganRosel Wealth Management LLC purchased a new stake in iShares MBS ETF in the first quarter worth about $38,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Down 0.2%

NASDAQ MBB opened at $95.09 on Monday. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $95.97. The stock’s 50-day moving average price is $94.37 and its 200-day moving average price is $93.33.

iShares MBS ETF Cuts Dividend

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

About iShares MBS ETF

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).