Midland Wealth Advisors LLC Has $263.26 Million Position in iShares MBS ETF $MBB

Midland Wealth Advisors LLC lifted its position in iShares MBS ETF (NASDAQ:MBB – Free Report) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,764,705 shares of the company’s stock after buying an additional 110,222 shares during the period. iShares MBS ETF makes up approximately 13.7% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Midland Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $263,255,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after acquiring an additional 7,566,099 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares MBS ETF by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares MBS ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after acquiring an additional 727,070 shares in the last quarter. TIAA Trust National Association lifted its position in shares of iShares MBS ETF by 5.8% in the 3rd quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock valued at $2,413,954,000 after acquiring an additional 1,399,487 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of iShares MBS ETF by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after acquiring an additional 1,206,273 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $95.55 on Friday. iShares MBS ETF has a 52 week low of $91.19 and a 52 week high of $96.96. The firm has a 50 day simple moving average of $95.45 and a 200 day simple moving average of $95.43.

iShares MBS ETF Increases Dividend

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

iShares MBS ETF Company Profile

(Free Report)

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).

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