Range Financial Group LLC Purchases 19,824 Shares of iShares MBS ETF $MBB

Range Financial Group LLC raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 133.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,650 shares of the company’s stock after buying an additional 19,824 shares during the quarter. iShares MBS ETF comprises 1.1% of Range Financial Group LLC’s portfolio, making the stock its 26th biggest holding. Range Financial Group LLC’s holdings in iShares MBS ETF were worth $3,299,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management grew its holdings in shares of iShares MBS ETF by 3.2% in the fourth quarter. Brookstone Capital Management now owns 308,428 shares of the company’s stock valued at $29,368,000 after purchasing an additional 9,547 shares in the last quarter. Polaris Investment Advisors LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at $1,825,000. Cassilly Financial Group LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at $2,538,000. Columbus Macro LLC lifted its position in iShares MBS ETF by 6.6% during the fourth quarter. Columbus Macro LLC now owns 62,745 shares of the company’s stock valued at $5,975,000 after purchasing an additional 3,898 shares during the last quarter. Finally, Ocean Park Asset Management LLC lifted its position in iShares MBS ETF by 1.9% during the fourth quarter. Ocean Park Asset Management LLC now owns 424,335 shares of the company’s stock valued at $40,405,000 after purchasing an additional 7,872 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $94.72 on Tuesday. The firm has a fifty day simple moving average of $95.58 and a two-hundred day simple moving average of $95.45. iShares MBS ETF has a 52 week low of $90.84 and a 52 week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.3278 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

About iShares MBS ETF

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).