Heritage Wealth Management LLC Acquires New Shares in iShares MBS ETF (NASDAQ:MBB)

Heritage Wealth Management LLC acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, HoldingsChannel reports. The fund acquired 4,348 shares of the company’s stock, valued at approximately $409,000.

Other institutional investors have also recently bought and sold shares of the company. Summit Financial LLC increased its stake in iShares MBS ETF by 9.0% during the fourth quarter. Summit Financial LLC now owns 5,928 shares of the company’s stock valued at $558,000 after acquiring an additional 487 shares during the period. Hexagon Capital Partners LLC raised its position in shares of iShares MBS ETF by 98.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 10,751 shares of the company’s stock valued at $1,011,000 after acquiring an additional 5,326 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in shares of iShares MBS ETF by 33.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 28,379 shares of the company’s stock valued at $2,670,000 after acquiring an additional 7,057 shares during the last quarter. Choreo LLC increased its position in shares of iShares MBS ETF by 41.0% in the 4th quarter. Choreo LLC now owns 59,810 shares of the company’s stock valued at $5,627,000 after buying an additional 17,381 shares in the last quarter. Finally, Mather Group LLC. increased its position in shares of iShares MBS ETF by 17.5% in the 4th quarter. Mather Group LLC. now owns 77,910 shares of the company’s stock valued at $7,330,000 after buying an additional 11,579 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB traded up $0.44 during trading hours on Friday, reaching $90.60. The stock had a trading volume of 780,279 shares, compared to its average volume of 2,648,277. The firm has a 50-day moving average of $91.30 and a 200 day moving average of $91.24. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.70.

iShares MBS ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.2823 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.39 dividend on an annualized basis and a dividend yield of 3.74%.

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).