iShares MBS ETF $MBB Stock: Midland Wealth Advisors LLC Raises Holdings

Midland Wealth Advisors LLC grew its position in iShares MBS ETF (NASDAQ:MBB) by 26.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,196,616 shares of the company’s stock after purchasing an additional 677,722 shares during the quarter. iShares MBS ETF makes up about 13.2% of Midland Wealth Advisors LLC’s portfolio, making the stock its 2nd largest position. Midland Wealth Advisors LLC owned 0.82% of iShares MBS ETF worth $286,481,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC lifted its stake in shares of iShares MBS ETF by 2.0% in the 3rd quarter. Ashton Thomas Securities LLC now owns 39,875 shares of the company’s stock valued at $3,575,000 after purchasing an additional 763 shares during the period. Total Clarity Wealth Management Inc. bought a new stake in shares of iShares MBS ETF during the 3rd quarter valued at about $335,000. Stash Investments LLC grew its stake in iShares MBS ETF by 183.2% during the third quarter. Stash Investments LLC now owns 16,058 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,387 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in iShares MBS ETF during the third quarter worth approximately $857,000. Finally, Park Avenue Securities LLC acquired a new stake in iShares MBS ETF during the third quarter worth approximately $8,104,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Up 0.0%

Shares of MBB stock opened at $91.55 on Wednesday. The stock has a 50 day simple moving average of $91.29 and a two-hundred day simple moving average of $93.84. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).