Fairway Wealth LLC Invests $144,000 in iShares MBS ETF (NASDAQ:MBB)

Fairway Wealth LLC acquired a new position in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,570 shares of the company’s stock, valued at approximately $144,000.

Other large investors have also bought and sold shares of the company. Ignite Planners LLC lifted its holdings in iShares MBS ETF by 4.9% during the fourth quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock worth $226,000 after acquiring an additional 115 shares in the last quarter. Savvy Advisors Inc. grew its position in shares of iShares MBS ETF by 4.3% in the 3rd quarter. Savvy Advisors Inc. now owns 2,918 shares of the company’s stock valued at $280,000 after purchasing an additional 121 shares during the period. Delos Wealth Advisors LLC increased its stake in iShares MBS ETF by 4.3% during the 3rd quarter. Delos Wealth Advisors LLC now owns 2,938 shares of the company’s stock worth $281,000 after purchasing an additional 121 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares MBS ETF by 18.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock worth $73,000 after buying an additional 125 shares during the period. Finally, Hobbs Group Advisors LLC lifted its stake in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $93.63 on Tuesday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The firm has a fifty day moving average of $92.17 and a 200-day moving average of $93.32.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).