Miracle Mile Advisors LLC Acquires 212,487 Shares of iShares MBS ETF (NASDAQ:MBB)

Miracle Mile Advisors LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 31.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 884,349 shares of the company’s stock after purchasing an additional 212,487 shares during the period. iShares MBS ETF accounts for about 2.0% of Miracle Mile Advisors LLC’s portfolio, making the stock its 11th biggest position. Miracle Mile Advisors LLC’s holdings in iShares MBS ETF were worth $81,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Cobblestone Asset Management LLC raised its holdings in iShares MBS ETF by 8.8% during the 1st quarter. Cobblestone Asset Management LLC now owns 62,366 shares of the company’s stock valued at $5,764,000 after buying an additional 5,067 shares during the period. Little House Capital LLC purchased a new stake in shares of iShares MBS ETF in the first quarter worth approximately $2,112,000. RHS Financial LLC lifted its position in shares of iShares MBS ETF by 2.0% during the first quarter. RHS Financial LLC now owns 14,722 shares of the company’s stock worth $1,361,000 after purchasing an additional 286 shares during the last quarter. Pettinga Financial Advisors LLC boosted its stake in shares of iShares MBS ETF by 45.9% during the first quarter. Pettinga Financial Advisors LLC now owns 42,757 shares of the company’s stock valued at $3,952,000 after purchasing an additional 13,447 shares during the period. Finally, Successful Portfolios LLC boosted its stake in shares of iShares MBS ETF by 23.9% during the first quarter. Successful Portfolios LLC now owns 4,987 shares of the company’s stock valued at $461,000 after purchasing an additional 963 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Down 1.0 %

MBB stock traded down $0.96 during trading on Monday, hitting $90.85. The company had a trading volume of 4,343,529 shares, compared to its average volume of 2,451,929. iShares MBS ETF has a 52-week low of $85.28 and a 52-week high of $94.55. The company has a 50 day simple moving average of $91.24 and a 200-day simple moving average of $91.98.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.3002 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.60 annualized dividend and a yield of 3.97%.

iShares MBS ETF 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).