Gateway Wealth Partners LLC Acquires 71,350 Shares of iShares MBS ETF $MBB

Gateway Wealth Partners LLC grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 285.6% in the first quarter, Holdings Channel reports. The firm owned 96,332 shares of the company’s stock after acquiring an additional 71,350 shares during the period. Gateway Wealth Partners LLC’s holdings in iShares MBS ETF were worth $9,147,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Cypress Capital Group purchased a new stake in iShares MBS ETF in the 1st quarter valued at about $503,000. Wealth Alliance LLC grew its stake in iShares MBS ETF by 6.6% in the 1st quarter. Wealth Alliance LLC now owns 65,037 shares of the company’s stock worth $6,175,000 after acquiring an additional 4,015 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of iShares MBS ETF by 233.9% during the first quarter. Renaissance Technologies LLC now owns 28,000 shares of the company’s stock worth $2,659,000 after acquiring an additional 19,614 shares during the period. Compound Planning Inc. increased its position in shares of iShares MBS ETF by 22.5% during the first quarter. Compound Planning Inc. now owns 25,033 shares of the company’s stock worth $2,377,000 after acquiring an additional 4,605 shares during the period. Finally, Modern Wealth Management LLC raised its stake in shares of iShares MBS ETF by 26.7% during the first quarter. Modern Wealth Management LLC now owns 185,341 shares of the company’s stock valued at $17,546,000 after acquiring an additional 39,034 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $93.11 on Monday. The company has a 50 day moving average price of $94.05 and a 200-day moving average price of $94.88. iShares MBS ETF has a fifty-two week low of $92.43 and a fifty-two week high of $96.96.

iShares MBS ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.3373 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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).