MLG Wealth Management DBA Pine Grove Financial Group Buys 20,356 Shares of iShares MBS ETF $MBB

MLG Wealth Management DBA Pine Grove Financial Group lifted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,607 shares of the company’s stock after purchasing an additional 20,356 shares during the quarter. iShares MBS ETF accounts for 1.5% of MLG Wealth Management DBA Pine Grove Financial Group’s holdings, making the stock its 17th biggest holding. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares MBS ETF were worth $15,086,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of MBB. Brighton Jones LLC bought a new stake in shares of iShares MBS ETF during the 4th quarter worth approximately $273,000. AQR Capital Management LLC increased its stake in iShares MBS ETF by 11.4% in the first quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock valued at $950,000 after acquiring an additional 1,034 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in iShares MBS ETF by 13.0% in the first quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock valued at $35,521,000 after acquiring an additional 43,527 shares during the last quarter. Invesco Ltd. raised its position in iShares MBS ETF by 2.5% during the second quarter. Invesco Ltd. now owns 11,446 shares of the company’s stock valued at $1,075,000 after purchasing an additional 279 shares in the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in iShares MBS ETF during the second quarter worth $240,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $92.71 on Tuesday. iShares MBS ETF has a fifty-two week low of $92.28 and a fifty-two week high of $96.96. The stock’s fifty day moving average price is $93.36 and its two-hundred day moving average price is $94.34.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.3388 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%.

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).