Modern Wealth Management LLC Buys 114,295 Shares of iShares MBS ETF (NASDAQ:MBB)

Modern Wealth Management LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 312.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 150,912 shares of the company’s stock after acquiring an additional 114,295 shares during the period. Modern Wealth Management LLC’s holdings in iShares MBS ETF were worth $13,914,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MBB. Principal Financial Group Inc. raised its position in shares of iShares MBS ETF by 9.0% during the fourth quarter. Principal Financial Group Inc. now owns 3,293 shares of the company’s stock worth $302,000 after acquiring an additional 272 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares MBS ETF by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,931,127 shares of the company’s stock worth $268,726,000 after purchasing an additional 121,689 shares during the last quarter. Proficio Capital Partners LLC lifted its position in iShares MBS ETF by 54.0% during the 4th quarter. Proficio Capital Partners LLC now owns 84,964 shares of the company’s stock valued at $7,790,000 after purchasing an additional 29,809 shares during the period. Kestra Investment Management LLC boosted its stake in shares of iShares MBS ETF by 265.9% in the 3rd quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock valued at $23,891,000 after purchasing an additional 181,210 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in shares of iShares MBS ETF by 272.8% during the 4th quarter. Fifth Third Bancorp now owns 1,633 shares of the company’s stock worth $150,000 after buying an additional 1,195 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $93.07 on Tuesday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The firm has a 50 day simple moving average of $92.58 and a 200 day simple moving average of $93.16.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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).