Synovus Financial Corp Boosts Stake in iShares MBS ETF (NASDAQ:MBB)

Synovus Financial Corp raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,446 shares of the company’s stock after acquiring an additional 876 shares during the period. Synovus Financial Corp’s holdings in iShares MBS ETF were worth $1,508,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Sagespring Wealth Partners LLC purchased a new position in iShares MBS ETF in the fourth quarter worth $802,000. Townsquare Capital LLC boosted its holdings in shares of iShares MBS ETF by 5.8% in the 4th quarter. Townsquare Capital LLC now owns 38,027 shares of the company’s stock worth $3,486,000 after purchasing an additional 2,097 shares in the last quarter. Manhattan West Asset Management LLC boosted its holdings in shares of iShares MBS ETF by 21.6% in the 4th quarter. Manhattan West Asset Management LLC now owns 75,534 shares of the company’s stock worth $6,925,000 after purchasing an additional 13,404 shares in the last quarter. Concorde Asset Management LLC raised its holdings in shares of iShares MBS ETF by 14.5% during the 4th quarter. Concorde Asset Management LLC now owns 18,362 shares of the company’s stock valued at $1,683,000 after buying an additional 2,332 shares in the last quarter. Finally, KDK Private Wealth Management LLC bought a new stake in iShares MBS ETF in the 4th quarter worth approximately $211,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.0 %

Shares of MBB opened at $92.61 on Wednesday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The stock has a 50 day simple moving average of $93.02 and a two-hundred day simple moving average of $92.81.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.3309 dividend. This is a boost from iShares MBS ETF’s previous dividend of $0.32. The ex-dividend date was Tuesday, April 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).