Ascent Group LLC Raises Stake in iShares MBS ETF $MBB

Ascent Group LLC boosted its position in iShares MBS ETF (NASDAQ:MBB) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,321 shares of the company’s stock after buying an additional 12,732 shares during the quarter. iShares MBS ETF makes up approximately 0.9% of Ascent Group LLC’s portfolio, making the stock its 27th biggest position. Ascent Group LLC owned about 0.06% of iShares MBS ETF worth $22,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IMG Wealth Management Inc. purchased a new stake in iShares MBS ETF in the first quarter worth approximately $30,000. Curat Global LLC purchased a new stake in iShares MBS ETF in the first quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in iShares MBS ETF in the first quarter valued at approximately $31,000. Flaharty Asset Management LLC bought a new stake in iShares MBS ETF in the first quarter valued at approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in iShares MBS ETF by 317.2% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2%

Shares of MBB stock opened at $95.09 on Friday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $95.97. The stock has a 50 day moving average price of $94.37 and a two-hundred day moving average price of $93.33.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be given a $0.3363 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) annualized dividend 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).