D.A. Davidson & CO. bought a new position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,005 shares of the company’s stock, valued at approximately $538,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MBB. Lynx Investment Advisory lifted its position in shares of iShares MBS ETF by 4.3% during the 3rd quarter. Lynx Investment Advisory now owns 3,497 shares of the company’s stock worth $313,000 after buying an additional 145 shares during the last quarter. Stockman Wealth Management Inc. bought a new position in iShares MBS ETF in the third quarter valued at about $259,000. Laurel Wealth Advisors LLC bought a new position in iShares MBS ETF in the third quarter valued at about $36,000. Conning Inc. acquired a new position in iShares MBS ETF during the third quarter worth about $34,743,000. Finally, Asset Management One Co. Ltd. acquired a new position in iShares MBS ETF during the third quarter worth about $111,873,000. 91.70% of the stock is currently owned by institutional investors.
iShares MBS ETF Stock Down 0.0%
Shares of MBB stock traded down $0.03 on Friday, reaching $92.07. The company had a trading volume of 4,940,638 shares, compared to its average volume of 3,370,462. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The business’s 50-day moving average is $91.04 and its 200 day moving average is $93.69.
iShares MBS ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.3471 dividend. This represents a $4.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662.
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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