Whalen Wealth Management Inc. Invests $1.97 Million in iShares MBS ETF $MBB

Whalen Wealth Management Inc. bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, Holdings Channel.com reports. The firm bought 20,686 shares of the company’s stock, valued at approximately $1,970,000. iShares MBS ETF makes up 1.1% of Whalen Wealth Management Inc.’s holdings, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FWG Investments LLC. grew its holdings in iShares MBS ETF by 4.0% during the 3rd quarter. FWG Investments LLC. now owns 2,858 shares of the company’s stock valued at $272,000 after buying an additional 109 shares in the last quarter. Alesco Advisors LLC raised its holdings in shares of iShares MBS ETF by 0.8% during the 3rd quarter. Alesco Advisors LLC now owns 13,395 shares of the company’s stock worth $1,275,000 after acquiring an additional 110 shares in the last quarter. Lynx Investment Advisory raised its holdings in shares of iShares MBS ETF by 4.5% during the 3rd quarter. Lynx Investment Advisory now owns 2,575 shares of the company’s stock worth $245,000 after acquiring an additional 110 shares in the last quarter. OMNI 360 Wealth Inc. boosted its position in shares of iShares MBS ETF by 2.3% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 4,925 shares of the company’s stock valued at $469,000 after acquiring an additional 113 shares during the last quarter. Finally, Coordinated Financial Services Inc. grew its holdings in shares of iShares MBS ETF by 0.6% in the third quarter. Coordinated Financial Services Inc. now owns 19,481 shares of the company’s stock valued at $1,854,000 after purchasing an additional 118 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $94.86 on Friday. The company’s fifty day moving average is $95.53 and its 200 day moving average is $95.43. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st will be paid a $0.3329 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

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).