Financial Enhancement Group LLC Raises Position in iShares MBS ETF (NASDAQ:MBB)

Financial Enhancement Group LLC boosted its holdings in iShares MBS ETF (NASDAQ:MBB) by 1,123.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,279 shares of the company’s stock after acquiring an additional 61,781 shares during the quarter. iShares MBS ETF comprises approximately 1.1% of Financial Enhancement Group LLC’s portfolio, making the stock its 29th biggest holding. Financial Enhancement Group LLC’s holdings in iShares MBS ETF were worth $6,330,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Crewe Advisors LLC increased its stake in iShares MBS ETF by 62.8% in the 1st quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after purchasing an additional 550 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares MBS ETF in the second quarter valued at $61,000. Ascent Group LLC increased its position 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 valued at $7,028,000 after buying an additional 16,488 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of iShares MBS ETF during the 3rd quarter worth $519,000. Finally, Zions Bancorporation N.A. acquired a new stake in iShares MBS ETF in the 2nd quarter valued at about $189,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB opened at $92.13 on Thursday. iShares MBS ETF has a 12-month low of $87.87 and a 12-month high of $96.76. The company has a 50-day moving average of $94.81 and a two-hundred day moving average of $93.22.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.3099 per share. The ex-dividend date was Friday, November 1st.

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).