Bestgate Wealth Advisors LLC Invests $1.14 Million in iShares MBS ETF (NASDAQ:MBB)

Bestgate Wealth Advisors LLC purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,458 shares of the company’s stock, valued at approximately $1,142,000. iShares MBS ETF makes up about 2.3% of Bestgate Wealth Advisors LLC’s investment portfolio, making the stock its 9th biggest holding.

Several other large investors have also made changes to their positions in MBB. Evoke Wealth LLC increased its position in iShares MBS ETF by 2.9% in the 4th quarter. Evoke Wealth LLC now owns 661,944 shares of the company’s stock valued at $60,687,000 after acquiring an additional 18,593 shares during the period. Clearwater Capital Advisors LLC grew its holdings in iShares MBS ETF by 9.6% in the fourth quarter. Clearwater Capital Advisors LLC now owns 288,541 shares of the company’s stock worth $26,453,000 after purchasing an additional 25,155 shares during the period. Parallel Advisors LLC grew its holdings in iShares MBS ETF by 9.5% in the fourth quarter. Parallel Advisors LLC now owns 23,117 shares of the company’s stock worth $2,119,000 after purchasing an additional 2,000 shares during the period. Cibc World Markets Corp lifted its stake in shares of iShares MBS ETF by 5.4% in the fourth quarter. Cibc World Markets Corp now owns 3,918 shares of the company’s stock valued at $359,000 after buying an additional 199 shares in the last quarter. Finally, SouthState Corp bought a new position in shares of iShares MBS ETF during the fourth quarter valued at about $75,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $93.29 on Wednesday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The company’s 50-day moving average is $92.37 and its 200 day moving average is $93.22.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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).