WESPAC Advisors SoCal LLC Takes $3.51 Million Position in iShares MBS ETF $MBB

WESPAC Advisors SoCal LLC purchased a new position in iShares MBS ETF (NASDAQ:MBB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,992 shares of the company’s stock, valued at approximately $3,512,000.

Several other institutional investors also recently added to or reduced their stakes in MBB. Bank of America Corp DE raised its stake in shares of iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after acquiring an additional 7,566,099 shares in the last quarter. LPL Financial LLC increased its holdings in iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. TIAA Trust National Association raised its position in iShares MBS ETF by 2.5% during the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after purchasing an additional 646,390 shares in the last quarter. Fisher Asset Management LLC raised its position in iShares MBS ETF by 5.7% during 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 purchasing an additional 1,206,273 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in iShares MBS ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock valued at $1,357,703,000 after purchasing an additional 284,484 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $94.48 on Friday. iShares MBS ETF has a twelve month low of $92.40 and a twelve month high of $96.96. The stock has a fifty day simple moving average of $94.52 and a two-hundred day simple moving average of $95.11.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.3334 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 1st.

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).