B. Riley Wealth Advisors Inc. Buys 6,516 Shares of iShares MBS ETF $MBB

B. Riley Wealth Advisors Inc. bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 6,516 shares of the company’s stock, valued at approximately $584,000.

A number of other institutional investors have also added to or reduced their stakes in MBB. Shelter Ins Retirement Plan bought a new position in iShares MBS ETF in the second quarter worth approximately $12,335,042,000. Envestnet Asset Management Inc. raised its position in shares of iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after purchasing an additional 106,144 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares MBS ETF by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after purchasing an additional 201,354 shares in the last quarter. Finally, Sei Investments Co. grew its position in iShares MBS ETF by 5.2% in the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after purchasing an additional 108,361 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

MBB opened at $90.52 on Friday. The company’s fifty day moving average price is $91.58 and its two-hundred day moving average price is $93.32. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.9%.

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). 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).