SteelPeak Wealth LLC Raises Stock Position in iShares MBS ETF (NASDAQ:MBB)

SteelPeak Wealth LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 14.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,020 shares of the company’s stock after purchasing an additional 16,797 shares during the period. SteelPeak Wealth LLC’s holdings in iShares MBS ETF were worth $12,016,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Manhattan West Asset Management LLC boosted its stake in iShares MBS ETF by 14.3% during the 4th quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock worth $4,490,000 after purchasing an additional 5,976 shares during the last quarter. Crewe Advisors LLC purchased a new stake in iShares MBS ETF during the 4th quarter valued at about $82,000. CAP Partners LLC purchased a new position in iShares MBS ETF in the 4th quarter worth approximately $1,082,000. Hilltop Holdings Inc. lifted its stake in iShares MBS ETF by 0.3% in the 4th quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock worth $11,830,000 after purchasing an additional 343 shares in the last quarter. Finally, US Financial Advisors LLC boosted its holdings in shares of iShares MBS ETF by 7.2% during the 4th quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock worth $2,133,000 after purchasing an additional 1,518 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB traded down $0.48 during midday trading on Friday, hitting $91.81. The company had a trading volume of 2,024,831 shares, compared to its average volume of 2,436,675. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $94.55. The business’s 50-day simple moving average is $91.24 and its 200-day simple moving average is $91.98.

iShares MBS ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a $0.3002 dividend. This represents a $3.60 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend was Monday, June 3rd.

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).