ShoreHaven Wealth Partners LLC purchased a new position in iShares MBS ETF (NASDAQ:MBB – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,342 shares of the company’s stock, valued at approximately $2,182,000.
Several other hedge funds also recently made changes to their positions in MBB. Robertson Stephens Wealth Management LLC boosted its stake in iShares MBS ETF by 31.4% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 3,055 shares of the company’s stock worth $274,000 after purchasing an additional 730 shares during the period. McKinley Carter Wealth Services Inc. bought a new stake in shares of iShares MBS ETF during the third quarter valued at about $18,493,000. Snider Financial Group increased its position in shares of iShares MBS ETF by 5.7% during the third quarter. Snider Financial Group now owns 21,463 shares of the company’s stock valued at $1,923,000 after buying an additional 1,162 shares during the period. Newport Capital Group LLC purchased a new stake in shares of iShares MBS ETF in the third quarter worth about $3,041,000. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in shares of iShares MBS ETF by 5.9% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 20,916 shares of the company’s stock worth $1,875,000 after buying an additional 1,158 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.
iShares MBS ETF Price Performance
Shares of iShares MBS ETF stock opened at $90.52 on Friday. The company’s 50-day moving average price is $91.58 and its 200-day moving average price is $93.32. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96.
iShares MBS ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.3662 dividend. The ex-dividend date was Thursday, October 1st. This represents a $4.39 annualized dividend and a yield of 4.9%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388.
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). 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).
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