Breakwater Capital Group Has $339,000 Position in iShares MBS ETF (NASDAQ:MBB)

Breakwater Capital Group lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 24.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,696 shares of the company’s stock after selling 1,178 shares during the period. Breakwater Capital Group’s holdings in iShares MBS ETF were worth $339,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Strait & Sound Wealth Management LLC raised its stake in shares of iShares MBS ETF by 3.7% in the 1st quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock valued at $298,000 after purchasing an additional 117 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of iShares MBS ETF by 1.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock worth $888,000 after purchasing an additional 119 shares in the last quarter. DB Fitzpatrick & Co Inc boosted its holdings in iShares MBS ETF by 0.6% during the second quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock worth $1,792,000 after purchasing an additional 119 shares during the last quarter. W Advisors LLC grew its position in iShares MBS ETF by 2.9% in the first quarter. W Advisors LLC now owns 4,329 shares of the company’s stock valued at $400,000 after purchasing an additional 124 shares in the last quarter. Finally, New Republic Capital LLC increased its stake in iShares MBS ETF by 5.0% in the 1st quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock valued at $244,000 after buying an additional 125 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Down 0.0 %

Shares of iShares MBS ETF stock traded down $0.03 during trading hours on Wednesday, reaching $95.52. 1,531,362 shares of the company’s stock were exchanged, compared to its average volume of 2,283,971. The company has a 50 day moving average of $93.48 and a two-hundred day moving average of $92.11. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $95.85.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were paid a $0.3086 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.70 annualized dividend and a dividend yield of 3.88%.

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).