Merit Financial Group LLC Increases Stock Position in iShares MBS ETF (NASDAQ:MBB)

Merit Financial Group LLC grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,264 shares of the company’s stock after acquiring an additional 11,586 shares during the quarter. Merit Financial Group LLC’s holdings in iShares MBS ETF were worth $7,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Simplicity Solutions LLC lifted its stake in shares of iShares MBS ETF by 3.6% in the 4th quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock worth $317,000 after purchasing an additional 117 shares during the period. CoreCap Advisors LLC raised its stake in iShares MBS ETF by 4.4% during the 4th quarter. CoreCap Advisors LLC now owns 3,353 shares of the company’s stock worth $315,000 after acquiring an additional 142 shares during the period. Ellis Investment Partners LLC raised its stake in iShares MBS ETF by 5.3% during the 4th quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock worth $273,000 after acquiring an additional 146 shares during the period. Proffitt & Goodson Inc. raised its stake in iShares MBS ETF by 0.4% during the 4th quarter. Proffitt & Goodson Inc. now owns 35,782 shares of the company’s stock worth $3,366,000 after acquiring an additional 153 shares during the period. Finally, Hsbc Holdings PLC raised its stake in iShares MBS ETF by 0.6% during the 3rd quarter. Hsbc Holdings PLC now owns 27,579 shares of the company’s stock worth $2,449,000 after acquiring an additional 161 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $90.67 on Friday. iShares MBS ETF has a 12 month low of $85.28 and a 12 month high of $95.70. The company’s 50 day moving average is $91.27 and its two-hundred day moving average is $91.27.

iShares MBS ETF Dividend Announcement

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

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).