Diversify Wealth Management LLC Invests $3.88 Million in iShares MBS ETF $MBB

Diversify Wealth Management LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 40,514 shares of the company’s stock, valued at approximately $3,877,000.

Several other hedge funds have also modified their holdings of MBB. Howe & Rusling Inc. boosted its stake in shares of iShares MBS ETF by 184.0% during the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Westfuller Advisors LLC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth about $33,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth about $35,000. Wealth Watch Advisors INC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth about $35,000. Finally, Dunhill Financial LLC boosted its stake in shares of iShares MBS ETF by 3,554.5% during the 4th quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 391 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $94.91 on Friday. The company’s 50-day simple moving average is $95.15 and its 200-day simple moving average is $95.40. iShares MBS ETF has a 52-week low of $91.19 and a 52-week high of $96.96.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.3346 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend 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). 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).