iShares MBS ETF $MBB Position Increased by Beacon Financial Group

Beacon Financial Group grew its position in iShares MBS ETF (NASDAQ:MBB) by 7.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 91,454 shares of the company’s stock after purchasing an additional 6,506 shares during the period. iShares MBS ETF comprises approximately 0.9% of Beacon Financial Group’s holdings, making the stock its 28th largest holding. Beacon Financial Group’s holdings in iShares MBS ETF were worth $8,684,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MBB. Bank of America Corp DE raised its holdings in shares of iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after acquiring an additional 7,566,099 shares during the period. LPL Financial LLC boosted its stake in iShares MBS ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. TIAA Trust National Association boosted its stake in iShares MBS ETF by 2.5% in the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after purchasing an additional 646,390 shares during the period. Ameriprise Financial Inc. grew its position in iShares MBS ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock worth $1,357,703,000 after purchasing an additional 284,484 shares in the last quarter. Finally, Morgan Stanley grew its position in iShares MBS ETF by 4.1% during the 4th quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock worth $938,142,000 after purchasing an additional 383,629 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $93.82 on Friday. The company’s fifty day moving average is $94.27 and its two-hundred day moving average is $95.02. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.3373 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

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).