Sax Wealth Advisors LLC Boosts Stock Holdings in iShares MBS ETF $MBB

Sax Wealth Advisors LLC raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 18.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 79,719 shares of the company’s stock after purchasing an additional 12,192 shares during the period. Sax Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $7,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. ESL Trust Services LLC purchased a new position in iShares MBS ETF during the fourth quarter valued at approximately $28,000. Brown Lisle Cummings Inc. bought a new position in iShares MBS ETF in the first quarter worth approximately $28,000. First Community Trust NA purchased a new stake in iShares MBS ETF during the first quarter worth $32,000. Beaird Harris Wealth Management LLC purchased a new stake in iShares MBS ETF during the second quarter worth $34,000. Finally, Nemes Rush Group LLC boosted its position in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after acquiring an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.3%

Shares of NASDAQ:MBB opened at $93.27 on Friday. iShares MBS ETF has a 12-month low of $92.68 and a 12-month high of $96.96. The business’s fifty day simple moving average is $93.89 and its 200-day simple moving average is $94.72.

iShares MBS ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a dividend of $0.3413 per share. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from iShares MBS ETF’s previous dividend of $0.34.

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). 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).