Fiduciary Trust Co Acquires 150 Shares of iShares MBS ETF (NASDAQ:MBB)

Fiduciary Trust Co boosted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 1.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,851 shares of the company’s stock after purchasing an additional 150 shares during the period. Fiduciary Trust Co’s holdings in iShares MBS ETF were worth $995,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC bought a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $36,000. Key Financial Inc increased its position in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 422 shares during the period. Activest Wealth Management bought a new stake in shares of iShares MBS ETF in the 4th quarter valued at about $58,000. CENTRAL TRUST Co lifted its position in shares of iShares MBS ETF by 41.4% in the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares during the period. Finally, Tucker Asset Management LLC boosted its stake in shares of iShares MBS ETF by 74.5% during the fourth quarter. Tucker Asset Management LLC now owns 670 shares of the company’s stock valued at $61,000 after purchasing an additional 286 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $92.68 on Friday. The firm has a 50 day moving average of $93.03 and a 200 day moving average of $92.60. iShares MBS ETF has a 52 week low of $90.03 and a 52 week high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were given a dividend of $0.3255 per share. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.91 dividend on an annualized basis and a yield of 4.21%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31.

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).