iShares MBS ETF $MBB Shares Newly Purchased by Intelligence Driven Advisers LLC

Intelligence Driven Advisers LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, Holdings Channel reports. The fund bought 26,218 shares of the company’s stock, valued at approximately $2,350,000.

Other hedge funds have also added to or reduced their stakes in the company. Shelter Ins Retirement Plan bought a new stake in shares of iShares MBS ETF in the 2nd quarter valued at $12,335,042,000. Envestnet Asset Management Inc. increased its stake in iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after purchasing an additional 106,144 shares during the period. Bank of New York Mellon Corp grew its stake in shares of iShares MBS ETF by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after buying an additional 201,354 shares during the period. Finally, Sei Investments Co. increased its position in iShares MBS ETF by 5.2% in the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after buying an additional 108,361 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Down 0.1%

NASDAQ:MBB traded down $0.07 on Friday, hitting $89.66. The stock had a trading volume of 2,179,873 shares, compared to its average volume of 3,118,814. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96. The business’s fifty day moving average is $91.94 and its 200 day moving average is $93.49.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.3662 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).