Pacific Excel Wealth Advisors Inc. Invests $708,000 in iShares MBS ETF $MBB

Pacific Excel Wealth Advisors Inc. purchased a new stake in iShares MBS ETF (NASDAQ:MBB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,494 shares of the company’s stock, valued at approximately $708,000.

Several other hedge funds have also added to or reduced their stakes in MBB. ESL Trust Services LLC bought a new position in shares of iShares MBS ETF in the fourth quarter valued at about $28,000. Brown Lisle Cummings Inc. bought a new stake in shares of iShares MBS ETF during the 1st quarter worth about $28,000. First Community Trust NA bought a new stake in shares of iShares MBS ETF during the 1st quarter worth about $32,000. Nemes Rush Group LLC grew its stake in iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after buying an additional 206 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new position in iShares MBS ETF in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $93.29 on Wednesday. The company’s 50-day moving average price is $93.97 and its two-hundred day moving average price is $94.77. iShares MBS ETF has a twelve month low of $92.68 and a twelve month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd will be given a $0.3413 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.34.

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).