Beacon Financial Group Has $5.63 Million Stake in iShares MBS ETF (NASDAQ:MBB)

Beacon Financial Group raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 17.9% in the fourth quarter, Holdings Channel reports. The fund owned 61,375 shares of the company’s stock after buying an additional 9,320 shares during the quarter. Beacon Financial Group’s holdings in iShares MBS ETF were worth $5,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in iShares MBS ETF by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock valued at $3,321,229,000 after purchasing an additional 5,521,374 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of iShares MBS ETF by 8.3% during the third quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock valued at $1,750,027,000 after buying an additional 1,404,263 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MBS ETF by 6.3% during the third quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock valued at $1,838,565,000 after buying an additional 1,138,182 shares during the last quarter. Hilton Capital Management LLC bought a new stake in shares of iShares MBS ETF in the third quarter valued at about $88,586,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in iShares MBS ETF by 696.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 804,598 shares of the company’s stock worth $77,089,000 after buying an additional 703,598 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB opened at $91.95 on Wednesday. The stock’s 50-day moving average price is $91.98 and its 200 day moving average price is $93.54. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.3414 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost 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).