StoneX Group Inc. Buys 20,191 Shares of iShares MBS ETF $MBB

StoneX Group Inc. bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 20,191 shares of the company’s stock, valued at approximately $1,826,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MBB. Verus Capital Partners LLC bought a new stake in iShares MBS ETF in the third quarter valued at about $867,000. Asset Dedication LLC acquired a new position in iShares MBS ETF in the third quarter valued at about $61,000. Droms Strauss Advisors Inc. MO ADV bought a new position in iShares MBS ETF during the third quarter worth about $1,107,000. LightSquare Wealth Management LLC boosted its holdings in iShares MBS ETF by 29.5% during the third quarter. LightSquare Wealth Management LLC now owns 10,811 shares of the company’s stock worth $969,000 after buying an additional 2,460 shares during the last quarter. Finally, Asset One Wealth Management LLC bought a new position in iShares MBS ETF during the third quarter worth about $1,173,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $92.07 on Monday. The business has a 50-day moving average of $91.04 and a 200-day moving average of $93.69. iShares MBS ETF has a 1 year low of $88.58 and a 1 year high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.3471 per share. This represents a $4.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a negative change 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).