Axxcess Wealth Management LLC Buys 22,599 Shares of iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 390.9% during the third quarter, Holdings Channel.com reports. The fund owned 28,381 shares of the company’s stock after buying an additional 22,599 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $2,719,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Crewe Advisors LLC boosted its stake in shares of iShares MBS ETF by 62.8% in the 1st quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after purchasing an additional 550 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of iShares MBS ETF in the 3rd quarter worth about $519,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares MBS ETF in the 2nd quarter valued at about $61,000. Ascent Group LLC grew its stake in iShares MBS ETF by 27.5% during the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock worth $7,028,000 after purchasing an additional 16,488 shares during the period. Finally, Zions Bancorporation N.A. bought a new stake in iShares MBS ETF in the second quarter worth approximately $189,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Up 0.0 %

Shares of MBB stock opened at $93.09 on Monday. The firm has a 50 day moving average of $94.72 and a 200-day moving average of $93.26. iShares MBS ETF has a 52 week low of $87.87 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.3099 dividend. The ex-dividend date was Friday, November 1st.

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).