Merit Financial Group LLC Boosts Stake in iShares MBS ETF $MBB

Merit Financial Group LLC grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,184,090 shares of the company’s stock after acquiring an additional 44,468 shares during the period. iShares MBS ETF comprises about 1.0% of Merit Financial Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Merit Financial Group LLC owned approximately 0.27% of iShares MBS ETF worth $112,666,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MBB. Security Financial Services INC. grew its holdings in shares of iShares MBS ETF by 5.9% during the third quarter. Security Financial Services INC. now owns 121,000 shares of the company’s stock valued at $11,513,000 after purchasing an additional 6,789 shares during the last quarter. Ironwood Investment Counsel LLC bought a new position in shares of iShares MBS ETF during the second quarter worth about $206,000. Global Retirement Partners LLC bought a new stake in iShares MBS ETF in the 2nd quarter valued at about $18,788,000. CW Advisors LLC lifted its position in iShares MBS ETF by 29.5% in the 2nd quarter. CW Advisors LLC now owns 67,938 shares of the company’s stock valued at $6,379,000 after purchasing an additional 15,495 shares during the last quarter. Finally, Archford Capital Strategies LLC acquired a new position in iShares MBS ETF during the 3rd quarter valued at about $5,600,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $96.55 on Tuesday. The firm’s 50 day moving average is $95.47 and its two-hundred day moving average is $95.15. iShares MBS ETF has a 52 week low of $90.84 and a 52 week high of $96.55.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.3347 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

iShares MBS ETF Company 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).