Smith Salley Wealth Management Acquires 9,930 Shares of iShares MBS ETF $MBB

Smith Salley Wealth Management lifted its holdings in iShares MBS ETF (NASDAQ:MBB) by 6.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 164,662 shares of the company’s stock after purchasing an additional 9,930 shares during the period. Smith Salley Wealth Management’s holdings in iShares MBS ETF were worth $15,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. ESL Trust Services LLC bought a new position in iShares MBS ETF in the fourth quarter worth approximately $28,000. First Community Trust NA bought a new stake in iShares MBS ETF during the 1st quarter valued at $32,000. Nemes Rush Group LLC boosted its position in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after acquiring an additional 206 shares in the last quarter. Aventura Private Wealth LLC purchased a new position in shares of iShares MBS ETF in the 4th quarter valued at $35,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of iShares MBS ETF in the 3rd quarter valued at $35,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $94.48 on Monday. iShares MBS ETF has a 12 month low of $92.40 and a 12 month high of $96.96. The stock has a fifty day moving average price of $94.52 and a 200-day moving average price of $95.11.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.3334 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).