Retirement Wealth Solutions LLC Invests $700,000 in iShares MBS ETF (NASDAQ:MBB)

Retirement Wealth Solutions LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,735 shares of the company’s stock, valued at approximately $700,000. iShares MBS ETF accounts for 0.6% of Retirement Wealth Solutions LLC’s investment portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of MBB. Hobbs Group Advisors LLC raised its holdings in shares of iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in iShares MBS ETF in the third quarter valued at $30,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF in the third quarter valued at $33,000. MeadowBrook Investment Advisors LLC lifted its holdings in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of iShares MBS ETF by 254.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after acquiring an additional 333 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ MBB opened at $91.59 on Friday. The stock’s 50-day simple moving average is $92.23 and its 200-day simple moving average is $93.57. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Cuts Dividend

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