Patriot Financial Group Insurance Agency LLC Raises Position in iShares MBS ETF $MBB

Patriot Financial Group Insurance Agency LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 106.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,228 shares of the company’s stock after purchasing an additional 25,931 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in iShares MBS ETF were worth $4,769,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Global Financial Private Client LLC grew its holdings in iShares MBS ETF by 3.8% during the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after purchasing an additional 108 shares during the period. RFG Advisory LLC increased its position in iShares MBS ETF by 3.0% in the fourth quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock worth $380,000 after buying an additional 116 shares during the last quarter. Alteri Wealth LLC raised its stake in shares of iShares MBS ETF by 0.6% in the fourth quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock valued at $1,758,000 after buying an additional 118 shares during the period. Tompkins Financial Corp raised its stake in shares of iShares MBS ETF by 15.1% in the fourth quarter. Tompkins Financial Corp now owns 915 shares of the company’s stock valued at $87,000 after buying an additional 120 shares during the period. Finally, Merkkuri Wealth Advisors LLC lifted its position in shares of iShares MBS ETF by 1.2% during the 1st quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock valued at $944,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $94.93 on Monday. iShares MBS ETF has a fifty-two week low of $92.40 and a fifty-two week high of $96.96. The stock has a fifty day moving average of $94.47 and a 200-day moving average of $95.09.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a $0.3334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, June 1st.

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).