Farmers & Merchants Investments Inc. Buys 9,671 Shares of iShares MBS ETF (NASDAQ:MBB)

Farmers & Merchants Investments Inc. boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 8.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,962 shares of the company’s stock after acquiring an additional 9,671 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares MBS ETF were worth $12,282,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new position in iShares MBS ETF in the fourth quarter worth $273,000. Allspring Global Investments Holdings LLC grew its position in iShares MBS ETF by 4.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 238,578 shares of the company’s stock worth $21,873,000 after acquiring an additional 10,398 shares in the last quarter. Naples Global Advisors LLC grew its position in iShares MBS ETF by 96.1% in the fourth quarter. Naples Global Advisors LLC now owns 15,446 shares of the company’s stock worth $1,416,000 after acquiring an additional 7,571 shares in the last quarter. ShoreHaven Wealth Partners LLC grew its position in iShares MBS ETF by 3.6% in the fourth quarter. ShoreHaven Wealth Partners LLC now owns 28,898 shares of the company’s stock worth $2,649,000 after acquiring an additional 1,010 shares in the last quarter. Finally, Banque Pictet & Cie SA purchased a new position in iShares MBS ETF in the fourth quarter worth $1,300,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $92.54 on Friday. The company has a 50-day simple moving average of $92.42 and a two-hundred day simple moving average of $92.51. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 annualized dividend and a yield of 4.22%.

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).