Sax Wealth Advisors LLC Purchases 62,658 Shares of iShares MBS ETF $MBB

Sax Wealth Advisors LLC increased its position in iShares MBS ETF (NASDAQ:MBB) by 1,286.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 67,527 shares of the company’s stock after buying an additional 62,658 shares during the quarter. Sax Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $6,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Client 1ST Advisory Group LLC boosted its position in iShares MBS ETF by 22.6% during the 4th quarter. Client 1ST Advisory Group LLC now owns 46,923 shares of the company’s stock valued at $4,468,000 after buying an additional 8,654 shares during the period. Auour Investments LLC increased its position in shares of iShares MBS ETF by 71.5% in the fourth quarter. Auour Investments LLC now owns 17,040 shares of the company’s stock valued at $1,623,000 after acquiring an additional 7,106 shares during the period. Archer Investment Management LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter valued at about $1,374,000. DAVENPORT & Co LLC raised its stake in shares of iShares MBS ETF by 5.9% during the fourth quarter. DAVENPORT & Co LLC now owns 8,588 shares of the company’s stock valued at $818,000 after acquiring an additional 477 shares during the last quarter. Finally, Lifelong Wealth Advisors Inc. raised its stake in shares of iShares MBS ETF by 15.7% during the fourth quarter. Lifelong Wealth Advisors Inc. now owns 22,769 shares of the company’s stock valued at $2,168,000 after acquiring an additional 3,087 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.5%

iShares MBS ETF stock opened at $94.73 on Thursday. iShares MBS ETF has a 1-year low of $90.84 and a 1-year high of $96.96. The firm has a 50-day moving average of $95.66 and a 200-day moving average of $95.47.

iShares MBS ETF Cuts Dividend

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