Connable Office Inc. Has $10.58 Million Position in iShares MBS ETF $MBB

Connable Office Inc. reduced its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 65.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,209 shares of the company’s stock after selling 207,408 shares during the period. iShares MBS ETF accounts for 1.0% of Connable Office Inc.’s investment portfolio, making the stock its 18th biggest holding. Connable Office Inc.’s holdings in iShares MBS ETF were worth $10,582,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Lynx Investment Advisory raised its stake in shares of iShares MBS ETF by 4.5% during the 3rd quarter. Lynx Investment Advisory now owns 2,575 shares of the company’s stock worth $245,000 after purchasing an additional 110 shares in the last quarter. Wedbush Securities Inc. increased its holdings in iShares MBS ETF by 65.7% in the third quarter. Wedbush Securities Inc. now owns 14,009 shares of the company’s stock worth $1,333,000 after buying an additional 5,554 shares during the last quarter. Beacon Bridge Wealth Partners LLC raised its position in iShares MBS ETF by 4.3% during the third quarter. Beacon Bridge Wealth Partners LLC now owns 110,640 shares of the company’s stock valued at $10,527,000 after acquiring an additional 4,553 shares in the last quarter. Leuthold Group LLC lifted its stake in iShares MBS ETF by 26.4% in the third quarter. Leuthold Group LLC now owns 84,496 shares of the company’s stock valued at $8,040,000 after acquiring an additional 17,664 shares during the last quarter. Finally, Westover Capital Advisors LLC grew its position in iShares MBS ETF by 21.4% in the third quarter. Westover Capital Advisors LLC now owns 112,663 shares of the company’s stock worth $10,720,000 after acquiring an additional 19,843 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB opened at $95.66 on Thursday. The company’s fifty day moving average is $95.39 and its 200-day moving average is $95.06. iShares MBS ETF has a 12 month low of $90.84 and a 12 month high of $96.25.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3347 per share. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, February 2nd.

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).