Summit Wealth Group LLC Increases Position in iShares MBS ETF (NASDAQ:MBB)

Summit Wealth Group LLC grew its holdings in iShares MBS ETF (NASDAQ:MBB) by 30.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,688 shares of the company’s stock after buying an additional 2,500 shares during the period. Summit Wealth Group LLC’s holdings in iShares MBS ETF were worth $980,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hobbs Group Advisors LLC increased its stake 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 acquiring an additional 149 shares during the period. MeadowBrook Investment Advisors LLC increased its stake in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the period. Key Financial Inc increased its stake in shares of iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares during the period. Activest Wealth Management acquired a new position in shares of iShares MBS ETF during the fourth quarter worth about $58,000. Finally, CENTRAL TRUST Co increased its stake in shares of iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.6 %

Shares of iShares MBS ETF stock opened at $93.54 on Wednesday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The company’s 50-day simple moving average is $91.78 and its 200-day simple moving average is $93.40.

iShares MBS ETF Increases Dividend

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

iShares MBS ETF Company 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).