Left Brain Wealth Management LLC Takes $306,000 Position in iShares MBS ETF $MBB

Left Brain Wealth Management LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 3,262 shares of the company’s stock, valued at approximately $306,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TIAA Trust National Association raised its position in shares of iShares MBS ETF by 349.3% in the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after acquiring an additional 18,631,536 shares during the period. Renaissancere Holdings Ltd. acquired a new stake in shares of iShares MBS ETF during the 1st quarter valued at about $267,782,000. LPL Financial LLC increased its stake in shares of iShares MBS ETF by 11.0% in the 1st quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after purchasing an additional 2,404,586 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in iShares MBS ETF in the 1st quarter worth about $98,713,000. Finally, Jane Street Group LLC raised its holdings in iShares MBS ETF by 2,142.6% in the 1st quarter. Jane Street Group LLC now owns 949,675 shares of the company’s stock worth $89,061,000 after purchasing an additional 907,328 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.3%

Shares of MBB stock opened at $95.49 on Friday. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.25. The business’s 50 day moving average is $95.39 and its two-hundred day moving average is $93.94.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a $0.342 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.34.

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).