Quadrant Private Wealth Management LLC Boosts Stake in iShares MBS ETF $MBB

Quadrant Private Wealth Management LLC boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 13.1% in the 2nd quarter, Holdings Channel reports. The firm owned 27,170 shares of the company’s stock after purchasing an additional 3,146 shares during the period. Quadrant Private Wealth Management LLC’s holdings in iShares MBS ETF were worth $2,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new position in shares of iShares MBS ETF during the second quarter worth $30,000. Headlands Technologies LLC acquired a new position in iShares MBS ETF during the 1st quarter worth about $31,000. Tsfg LLC boosted its holdings in iShares MBS ETF by 106.8% during the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 173 shares during the period. Flaharty Asset Management LLC purchased a new position in iShares MBS ETF during the 1st quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in iShares MBS ETF by 317.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.1%

Shares of NASDAQ:MBB opened at $95.40 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.25. The firm’s 50-day moving average is $95.30 and its two-hundred day moving average is $93.77.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a $0.342 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, November 3rd.

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).