Silverlake Wealth Management LLC Acquires 2,802 Shares of iShares MBS ETF (NASDAQ:MBB)

Silverlake Wealth Management LLC lifted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 20.9% during the fourth quarter, HoldingsChannel reports. The firm owned 16,234 shares of the company’s stock after buying an additional 2,802 shares during the quarter. Silverlake Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,488,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MBB. Exchange Traded Concepts LLC bought a new stake in shares of iShares MBS ETF during the 3rd quarter worth about $519,000. Principal Financial Group Inc. bought a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $289,000. AAFMAA Wealth Management & Trust LLC lifted its holdings in shares of iShares MBS ETF by 0.9% during the 3rd quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock worth $6,409,000 after acquiring an additional 592 shares during the period. Kestra Investment Management LLC increased its position in iShares MBS ETF by 265.9% during the 3rd quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock worth $23,891,000 after purchasing an additional 181,210 shares in the last quarter. Finally, JGP Wealth Management LLC increased its position in iShares MBS ETF by 16.2% during the 3rd quarter. JGP Wealth Management LLC now owns 7,896 shares of the company’s stock worth $756,000 after purchasing an additional 1,099 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $91.97 on Wednesday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The firm has a 50 day moving average price of $92.11 and a two-hundred day moving average price of $93.55.

iShares MBS ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a dividend of $0.3414 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).