Miracle Mile Advisors LLC Has $81.73 Million Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Miracle Mile Advisors LLC grew its position in iShares MBS ETF (NASDAQ:MBB) by 31.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 884,349 shares of the company’s stock after buying an additional 212,487 shares during the period. iShares MBS ETF makes up 2.0% of Miracle Mile Advisors LLC’s portfolio, making the stock its 11th largest position. Miracle Mile Advisors LLC owned approximately 0.29% of iShares MBS ETF worth $81,732,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Cobblestone Asset Management LLC increased its stake in iShares MBS ETF by 8.8% in the 1st quarter. Cobblestone Asset Management LLC now owns 62,366 shares of the company’s stock valued at $5,764,000 after buying an additional 5,067 shares during the last quarter. Little House Capital LLC bought a new stake in iShares MBS ETF during the first quarter worth about $2,112,000. RHS Financial LLC boosted its position in iShares MBS ETF by 2.0% during the first quarter. RHS Financial LLC now owns 14,722 shares of the company’s stock valued at $1,361,000 after purchasing an additional 286 shares during the last quarter. Pettinga Financial Advisors LLC grew its stake in iShares MBS ETF by 45.9% in the first quarter. Pettinga Financial Advisors LLC now owns 42,757 shares of the company’s stock valued at $3,952,000 after purchasing an additional 13,447 shares in the last quarter. Finally, Successful Portfolios LLC increased its position in shares of iShares MBS ETF by 23.9% during the 1st quarter. Successful Portfolios LLC now owns 4,987 shares of the company’s stock worth $461,000 after purchasing an additional 963 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 1.0 %

Shares of iShares MBS ETF stock traded down $0.96 on Monday, reaching $90.85. 4,343,529 shares of the company were exchanged, compared to its average volume of 2,451,929. iShares MBS ETF has a one year low of $85.28 and a one year high of $94.55. The company has a 50-day moving average of $91.24 and a 200 day moving average of $91.98.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.3002 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.60 annualized dividend and a dividend yield of 3.97%.

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).