iShares MBS ETF $MBB Shares Bought by Citizens & Northern Corp

Citizens & Northern Corp grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,380 shares of the company’s stock after purchasing an additional 1,090 shares during the quarter. iShares MBS ETF makes up about 0.9% of Citizens & Northern Corp’s portfolio, making the stock its 20th biggest holding. Citizens & Northern Corp’s holdings in iShares MBS ETF were worth $3,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MBB. IMG Wealth Management Inc. acquired a new stake in iShares MBS ETF in the first quarter valued at approximately $30,000. LRI Investments LLC acquired a new position in shares of iShares MBS ETF during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in shares of iShares MBS ETF during the 1st quarter valued at approximately $31,000. Flaharty Asset Management LLC acquired a new stake in iShares MBS ETF in the 1st quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in iShares MBS ETF by 317.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after acquiring an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $96.12 on Wednesday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.20. The company has a fifty day moving average of $94.84 and a two-hundred day moving average of $93.49.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.3363 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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).