Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 839,309 shares of the company’s stock, valued at approximately $75,219,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MBB. Field & Main Bank acquired a new position in iShares MBS ETF in the 2nd quarter valued at approximately $30,000. Montgomery Financial Services LLC bought a new stake in shares of iShares MBS ETF in the 2nd quarter worth approximately $27,000. Beaird Harris Wealth Management LLC bought a new stake in shares of iShares MBS ETF in the 2nd quarter worth approximately $34,000. Investors Research Corp lifted its position in shares of iShares MBS ETF by 1,587.0% in the 2nd quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after acquiring an additional 365 shares during the period. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth approximately $38,000. 91.70% of the stock is currently owned by institutional investors.
iShares MBS ETF Price Performance
Shares of NASDAQ:MBB opened at $92.05 on Friday. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96. The business’s 50 day moving average is $91.20 and its 200-day moving average is $93.79.
iShares MBS ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3662 dividend. This represents a $4.39 annualized dividend and a yield of 4.8%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date of this dividend was Thursday, October 1st.
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). 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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