Financial Life Advisors Invests $1.46 Million in iShares MBS ETF $MBB

Financial Life Advisors bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the second quarter, HoldingsChannel reports. The fund bought 16,482 shares of the company’s stock, valued at approximately $1,462,000. iShares MBS ETF makes up approximately 0.4% of Financial Life Advisors’ investment portfolio, making the stock its 26th biggest position.

Several other hedge funds have also modified their holdings of MBB. LGL Partners LLC purchased a new position in iShares MBS ETF in the 2nd quarter worth approximately $326,000. Nwam LLC lifted its position in shares of iShares MBS ETF by 84.9% during the second quarter. Nwam LLC now owns 16,792 shares of the company’s stock worth $1,587,000 after purchasing an additional 7,711 shares in the last quarter. JNBA Financial Advisors acquired a new position in shares of iShares MBS ETF during the second quarter worth $307,000. Advocacy Wealth Management LLC boosted its stake in shares of iShares MBS ETF by 4.1% in the second quarter. Advocacy Wealth Management LLC now owns 238,354 shares of the company’s stock valued at $22,529,000 after purchasing an additional 9,434 shares during the period. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of iShares MBS ETF in the second quarter valued at $639,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.1%

iShares MBS ETF stock opened at $93.10 on Tuesday. iShares MBS ETF has a 12-month low of $92.68 and a 12-month high of $96.96. The firm’s fifty day moving average price is $93.58 and its 200 day moving average price is $94.46.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a $0.3413 dividend. This is an increase from iShares MBS ETF’s previous dividend of $0.34. The ex-dividend date of this dividend was Monday, August 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). 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).