Merit Financial Group LLC Buys 87,786 Shares of iShares MBS ETF (NASDAQ:MBB)

Merit Financial Group LLC increased its position in iShares MBS ETF (NASDAQ:MBB) by 10.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 910,780 shares of the company’s stock after acquiring an additional 87,786 shares during the quarter. iShares MBS ETF accounts for about 1.5% of Merit Financial Group LLC’s investment portfolio, making the stock its 13th biggest holding. Merit Financial Group LLC’s holdings in iShares MBS ETF were worth $83,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL increased its holdings in iShares MBS ETF by 8.4% during the second quarter. Blair William & Co. IL now owns 7,259 shares of the company’s stock valued at $666,000 after buying an additional 560 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of iShares MBS ETF by 102.5% in the 2nd quarter. Hsbc Holdings PLC now owns 22,798 shares of the company’s stock worth $2,093,000 after purchasing an additional 11,539 shares in the last quarter. Sei Investments Co. increased its stake in shares of iShares MBS ETF by 20.8% in the 2nd quarter. Sei Investments Co. now owns 2,387,756 shares of the company’s stock worth $219,222,000 after purchasing an additional 411,096 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in iShares MBS ETF by 3.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 386,245 shares of the company’s stock worth $35,461,000 after purchasing an additional 13,916 shares during the period. Finally, Westwood Holdings Group Inc. lifted its position in iShares MBS ETF by 1.5% during the second quarter. Westwood Holdings Group Inc. now owns 9,129 shares of the company’s stock valued at $838,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $91.59 on Friday. The stock has a 50-day simple moving average of $92.23 and a two-hundred day simple moving average of $93.57. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).