Beacon Financial Advisory LLC Buys 1,543 Shares of iShares MBS ETF (NASDAQ:MBB)

Beacon Financial Advisory LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,716 shares of the company’s stock after acquiring an additional 1,543 shares during the period. Beacon Financial Advisory LLC’s holdings in iShares MBS ETF were worth $707,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MBB. Hobbs Group Advisors LLC boosted its holdings in shares of iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF during the 3rd quarter valued at approximately $30,000. Godsey & Gibb Inc. purchased a new stake in iShares MBS ETF in the 3rd quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC lifted its holdings in iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the period. Finally, CENTRAL TRUST Co grew its position in shares of iShares MBS ETF by 41.4% in the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after buying an additional 189 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $92.48 on Thursday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The company’s fifty day simple moving average is $92.08 and its two-hundred day simple moving average is $93.55.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a $0.3414 dividend. The ex-dividend date is Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).