iShares MBS ETF $MBB Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 21.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,259 shares of the company’s stock after buying an additional 3,524 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,902,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new stake in iShares MBS ETF during the 1st quarter valued at $30,000. LRI Investments LLC acquired a new stake in shares of iShares MBS ETF during the second quarter worth $30,000. Headlands Technologies LLC acquired a new stake in shares of iShares MBS ETF during the first quarter worth $31,000. Flaharty Asset Management LLC acquired a new stake in shares of iShares MBS ETF during the first quarter worth $34,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of iShares MBS ETF by 317.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after purchasing an additional 295 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $95.53 on Thursday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $95.97. The stock’s fifty day simple moving average is $94.65 and its 200-day simple moving average is $93.44.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.3363 per share. The ex-dividend date was Wednesday, October 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).