B. Riley Wealth Advisors Inc. Invests $1.74 Million in iShares MBS ETF $MBB

B. Riley Wealth Advisors Inc. acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the second quarter, according to its most recent filing with the SEC. The fund acquired 18,532 shares of the company’s stock, valued at approximately $1,740,000.

Other institutional investors have also added to or reduced their stakes in the company. FSC Wealth Advisors LLC grew its holdings in iShares MBS ETF by 1.3% during the 2nd quarter. FSC Wealth Advisors LLC now owns 8,560 shares of the company’s stock valued at $804,000 after buying an additional 108 shares in the last quarter. Creekmur Asset Management LLC lifted its holdings in shares of iShares MBS ETF by 21.5% in the second quarter. Creekmur Asset Management LLC now owns 621 shares of the company’s stock worth $58,000 after buying an additional 110 shares in the last quarter. International Private Wealth Advisors LLC boosted its position in shares of iShares MBS ETF by 2.8% in the second quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock valued at $387,000 after acquiring an additional 114 shares during the period. Midwest Heritage Bank FSB boosted its position in shares of iShares MBS ETF by 4.0% in the second quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock valued at $280,000 after acquiring an additional 116 shares during the period. Finally, Paces Ferry Wealth Advisors LLC grew its stake in iShares MBS ETF by 5.4% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock valued at $216,000 after acquiring an additional 119 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.4%

iShares MBS ETF stock opened at $94.95 on Monday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.25. The firm’s 50 day simple moving average is $95.43 and its 200 day simple moving average is $94.29.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, December 1st were issued a $0.3469 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a dividend yield of 4.4%.

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).