International Assets Investment Management LLC increased its stake in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 161.6% during the third quarter, Holdings Channel reports. The institutional investor owned 11,168 shares of the company’s stock after acquiring an additional 6,899 shares during the period. International Assets Investment Management LLC’s holdings in iShares MBS ETF were worth $1,001,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Field & Main Bank acquired a new stake in shares of iShares MBS ETF in the 2nd quarter worth approximately $30,000. Montgomery Financial Services LLC acquired a new position in iShares MBS ETF during the second quarter worth $27,000. Beaird Harris Wealth Management LLC acquired a new position in iShares MBS ETF during the second quarter worth $34,000. Investors Research Corp boosted its position in iShares MBS ETF by 1,587.0% during the second quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after purchasing an additional 365 shares in the last quarter. Finally, Beacon Financial Strategies CORP purchased a new stake in iShares MBS ETF during the second quarter worth $38,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.
iShares MBS ETF Price Performance
iShares MBS ETF stock opened at $92.00 on Thursday. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96. The stock’s fifty day moving average is $91.10 and its two-hundred day moving average is $93.73.
iShares MBS ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a dividend of $0.3471 per share. The ex-dividend date is Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a yield of 4.5%. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662.
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).
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