Sovereign Financial Group Inc. Boosts Holdings in iShares MBS ETF (NASDAQ:MBB)

Sovereign Financial Group Inc. increased its position in iShares MBS ETF (NASDAQ:MBB) by 23.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,111 shares of the company’s stock after purchasing an additional 1,894 shares during the quarter. Sovereign Financial Group Inc.’s holdings in iShares MBS ETF were worth $927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Ignite Planners LLC raised its position in shares of iShares MBS ETF by 4.9% in the 4th quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock valued at $226,000 after purchasing an additional 115 shares in the last quarter. Strategic Blueprint LLC grew its position in shares of iShares MBS ETF by 0.6% during the third quarter. Strategic Blueprint LLC now owns 18,707 shares of the company’s stock worth $1,792,000 after buying an additional 116 shares in the last quarter. Cypress Wealth Services LLC increased its stake in shares of iShares MBS ETF by 0.3% in the third quarter. Cypress Wealth Services LLC now owns 46,586 shares of the company’s stock worth $4,463,000 after buying an additional 120 shares during the last quarter. Savvy Advisors Inc. raised its holdings in iShares MBS ETF by 4.3% in the third quarter. Savvy Advisors Inc. now owns 2,918 shares of the company’s stock valued at $280,000 after acquiring an additional 121 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its stake in iShares MBS ETF by 4.3% during the 3rd quarter. Delos Wealth Advisors LLC now owns 2,938 shares of the company’s stock valued at $281,000 after acquiring an additional 121 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB opened at $90.46 on Wednesday. The company has a 50-day moving average of $92.30 and a 200-day moving average of $93.60. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

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

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).