Smith Salley Wealth Management Buys 9,930 Shares of iShares MBS ETF $MBB

Smith Salley Wealth Management increased its stake in iShares MBS ETF (NASDAQ:MBB) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,662 shares of the company’s stock after buying an additional 9,930 shares during the period. Smith Salley Wealth Management’s holdings in iShares MBS ETF were worth $15,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. True Vision MN LLC increased its position in shares of iShares MBS ETF by 16.9% during the first quarter. True Vision MN LLC now owns 60,402 shares of the company’s stock worth $5,735,000 after acquiring an additional 8,735 shares during the period. Ballast Rock Private Wealth LLC purchased a new stake in shares of iShares MBS ETF in the first quarter valued at approximately $279,000. First Community Trust NA purchased a new stake in shares of iShares MBS ETF in the first quarter valued at approximately $32,000. Triad Wealth Partners LLC grew its stake in iShares MBS ETF by 42.3% in the first quarter. Triad Wealth Partners LLC now owns 214,833 shares of the company’s stock worth $20,398,000 after purchasing an additional 63,834 shares in the last quarter. Finally, Quotient Wealth Partners LLC grew its stake in iShares MBS ETF by 18.5% in the first quarter. Quotient Wealth Partners LLC now owns 1,628,093 shares of the company’s stock worth $154,587,000 after purchasing an additional 253,794 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB opened at $94.48 on Monday. The stock’s fifty day moving average is $94.52 and its two-hundred day moving average is $95.11. iShares MBS ETF has a 52 week low of $92.40 and a 52 week high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.3334 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis 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).