Ironwood Investment Counsel LLC Makes New $206,000 Investment in iShares MBS ETF $MBB

Ironwood Investment Counsel LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,189 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in iShares MBS ETF in the fourth quarter valued at about $273,000. Whittier Trust Co. grew its position in shares of iShares MBS ETF by 26.8% during the 1st quarter. Whittier Trust Co. now owns 3,289 shares of the company’s stock worth $308,000 after buying an additional 695 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of iShares MBS ETF in the 1st quarter valued at about $82,000. Cullen Frost Bankers Inc. grew its holdings in iShares MBS ETF by 33.4% during the first quarter. Cullen Frost Bankers Inc. now owns 1,314 shares of the company’s stock valued at $123,000 after purchasing an additional 329 shares during the period. Finally, Theory Financial LLC increased its stake in iShares MBS ETF by 2.0% in the first quarter. Theory Financial LLC now owns 105,221 shares of the company’s stock valued at $9,868,000 after purchasing an additional 2,018 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ MBB opened at $95.51 on Thursday. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.25. The company’s fifty day moving average is $95.39 and its 200-day moving average is $93.84.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a $0.342 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.34. This represents a c) dividend on an annualized basis and a yield of 4.3%.

iShares MBS ETF Company 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).