Jacobson & Schmitt Advisors LLC Boosts Stock Position in iShares MBS ETF $MBB

Jacobson & Schmitt Advisors LLC raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 6.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,052 shares of the company’s stock after purchasing an additional 13,099 shares during the quarter. iShares MBS ETF makes up 3.7% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 5th biggest position. Jacobson & Schmitt Advisors LLC owned about 0.06% of iShares MBS ETF worth $21,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Security Financial Services INC. grew its stake in iShares MBS ETF by 5.9% in the 3rd quarter. Security Financial Services INC. now owns 121,000 shares of the company’s stock valued at $11,513,000 after buying an additional 6,789 shares during the last quarter. Dynasty Wealth Management LLC raised its holdings in iShares MBS ETF by 10.8% in the 3rd quarter. Dynasty Wealth Management LLC now owns 1,649,146 shares of the company’s stock valued at $156,916,000 after acquiring an additional 160,926 shares during the period. Dakota Wealth Management lifted its position in iShares MBS ETF by 20.9% during the third quarter. Dakota Wealth Management now owns 363,649 shares of the company’s stock worth $34,601,000 after acquiring an additional 62,909 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in shares of iShares MBS ETF by 3.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 709,399 shares of the company’s stock worth $67,499,000 after acquiring an additional 23,459 shares during the period. Finally, Archford Capital Strategies LLC bought a new stake in shares of iShares MBS ETF during the third quarter worth approximately $5,600,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $94.86 on Monday. iShares MBS ETF has a 12 month low of $90.84 and a 12 month high of $96.96. The stock’s 50 day moving average is $95.53 and its 200-day moving average is $95.43.

iShares MBS ETF Increases Dividend

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

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).