Money Concepts Capital Corp Buys 24,609 Shares of iShares MBS ETF (NASDAQ:MBB)

Money Concepts Capital Corp boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 900.4% during the first quarter, Holdings Channel reports. The institutional investor owned 27,342 shares of the company’s stock after buying an additional 24,609 shares during the period. Money Concepts Capital Corp’s holdings in iShares MBS ETF were worth $2,564,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. IMG Wealth Management Inc. bought a new stake in shares of iShares MBS ETF during the 1st quarter valued at $30,000. Tompkins Financial Corp lifted its position in iShares MBS ETF by 51.7% during the first quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after purchasing an additional 109 shares during the period. Curat Global LLC acquired a new stake in iShares MBS ETF during the first quarter worth about $30,000. Truvestments Capital LLC bought a new position in iShares MBS ETF in the 4th quarter valued at about $36,000. Finally, Garde Capital Inc. acquired a new stake in shares of iShares MBS ETF in the 1st quarter valued at $43,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Up 0.4%

Shares of NASDAQ:MBB opened at $93.90 on Friday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The company has a fifty day moving average of $92.53 and a 200-day moving average of $92.47.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3251 per share. This represents a $3.90 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Monday, June 2nd.

iShares MBS ETF 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).