Ridgeline Wealth LLC Makes New $260,000 Investment in iShares MBS ETF (NASDAQ:MBB)

Ridgeline Wealth LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,838 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in iShares MBS ETF by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock valued at $3,321,229,000 after acquiring an additional 5,521,374 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 12.7% in the second quarter. Envestnet Asset Management Inc. now owns 25,036,908 shares of the company’s stock worth $2,298,639,000 after purchasing an additional 2,829,414 shares in the last quarter. LPL Financial LLC increased its position in iShares MBS ETF by 6.3% during the third quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock worth $1,838,565,000 after buying an additional 1,138,182 shares during the last quarter. Fisher Asset Management LLC increased its position in 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 worth $1,750,027,000 after buying an additional 1,404,263 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of iShares MBS ETF by 0.8% in the third quarter. Stifel Financial Corp now owns 3,550,412 shares of the company’s stock worth $340,165,000 after buying an additional 27,441 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB traded down $0.10 during trading hours on Monday, hitting $91.38. 2,318,537 shares of the company were exchanged, compared to its average volume of 2,061,512. The firm’s 50 day moving average is $92.57 and its 200-day moving average is $93.67. 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 declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).