SteelPeak Wealth LLC Has $16.73 Million Stake in iShares MBS ETF $MBB

SteelPeak Wealth LLC increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,721 shares of the company’s stock after purchasing an additional 6,495 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares MBS ETF were worth $16,732,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE raised its position in iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after purchasing an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. boosted its position in iShares MBS ETF by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after buying an additional 1,182,620 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in iShares MBS ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after buying an additional 727,070 shares during the last quarter. TIAA Trust National Association increased its stake in shares of iShares MBS ETF by 5.8% in the 3rd quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock valued at $2,413,954,000 after buying an additional 1,399,487 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of iShares MBS ETF by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after buying an additional 1,206,273 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $94.86 on Friday. iShares MBS ETF has a twelve month low of $90.84 and a twelve month high of $96.96. The business has a fifty day moving average of $95.53 and a 200-day moving average of $95.43.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.3329 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

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).