Alterna Wealth Management Inc. Has $1.95 Million Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Alterna Wealth Management Inc. increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 13.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,317 shares of the company’s stock after purchasing an additional 2,348 shares during the quarter. iShares MBS ETF makes up approximately 1.7% of Alterna Wealth Management Inc.’s holdings, making the stock its 15th biggest holding. Alterna Wealth Management Inc.’s holdings in iShares MBS ETF were worth $1,947,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its stake in shares of iShares MBS ETF by 62.8% in the first quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after buying an additional 550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in iShares MBS ETF in the 2nd quarter valued at about $61,000. Ascent Group LLC raised its stake in shares of iShares MBS ETF by 27.5% in the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock worth $7,028,000 after acquiring an additional 16,488 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in shares of iShares MBS ETF during the second quarter worth approximately $189,000. Finally, AAFMAA Wealth Management & Trust LLC grew its stake in shares of iShares MBS ETF by 0.9% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock valued at $6,409,000 after purchasing an additional 592 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.5 %

Shares of MBB opened at $92.56 on Tuesday. iShares MBS ETF has a 12-month low of $87.87 and a 12-month high of $96.76. The stock’s fifty day simple moving average is $94.93 and its 200-day simple moving average is $93.20.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be issued a $0.3099 dividend. The ex-dividend date is Friday, November 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).