Smith Salley Wealth Management Purchases 8,933 Shares of iShares MBS ETF $MBB

Smith Salley Wealth Management raised its position in iShares MBS ETF (NASDAQ:MBB) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 151,508 shares of the company’s stock after buying an additional 8,933 shares during the quarter. Smith Salley Wealth Management’s holdings in iShares MBS ETF were worth $14,416,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBB. Delos Wealth Advisors LLC bought a new stake in iShares MBS ETF during the second quarter worth $26,000. LRI Investments LLC bought a new stake in shares of iShares MBS ETF during the 2nd quarter worth $30,000. Tsfg LLC lifted its position in shares of iShares MBS ETF by 106.8% during the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock worth $31,000 after buying an additional 173 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in iShares MBS ETF in the first quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in iShares MBS ETF by 317.2% in the second 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 during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $95.45 on Wednesday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.25. The firm has a 50-day moving average price of $95.39 and a 200-day moving average price of $94.55.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.334 dividend. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a 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). 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).