FSB Premier Wealth Management Inc. Grows Stock Position in iShares MBS ETF (NASDAQ:MBB)

FSB Premier Wealth Management Inc. lifted its position in iShares MBS ETF (NASDAQ:MBB) by 194.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,495 shares of the company’s stock after purchasing an additional 5,608 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in iShares MBS ETF were worth $780,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MBB. Jane Street Group LLC raised its stake in shares of iShares MBS ETF by 542.0% in the first quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock worth $779,016,000 after purchasing an additional 7,116,171 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in iShares MBS ETF during the first quarter valued at approximately $158,046,000. Midland Wealth Advisors LLC purchased a new position in iShares MBS ETF during the fourth quarter valued at approximately $151,461,000. Quotient Wealth Partners LLC purchased a new position in iShares MBS ETF during the fourth quarter valued at approximately $138,573,000. Finally, State of Michigan Retirement System raised its position in iShares MBS ETF by 189.5% during the first quarter. State of Michigan Retirement System now owns 1,565,800 shares of the company’s stock valued at $144,711,000 after acquiring an additional 1,025,000 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.1 %

Shares of MBB stock opened at $95.34 on Wednesday. The stock has a 50 day moving average of $93.70 and a 200 day moving average of $92.21. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.85.

iShares MBS ETF Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, September 6th. Investors of record on Tuesday, September 3rd will be given a dividend of $0.3177 per share. The ex-dividend date of this dividend is Tuesday, September 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).