iShares MBS ETF (NASDAQ:MBB) Announces $0.34 Monthly Dividend

iShares MBS ETF (NASDAQ:MBB) declared a monthly dividend on Monday, August 31st. Investors of record on Tuesday, September 1st will be paid a dividend of 0.3388 per share on Friday, September 4th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st.

iShares MBS ETF Trading Down 0.7%

Shares of iShares MBS ETF stock traded down $0.69 during trading on Tuesday, hitting $92.41. 2,743,554 shares of the company’s stock were exchanged, compared to its average volume of 2,503,634. The business has a 50-day simple moving average of $93.58 and a 200-day simple moving average of $94.46. iShares MBS ETF has a 52-week low of $92.35 and a 52-week high of $96.96.

Hedge Funds Weigh In On iShares MBS ETF

Institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. acquired a new stake in iShares MBS ETF during the first quarter worth about $138,835,000. Bank of Montreal Can boosted its position in iShares MBS ETF by 102.6% in the 4th quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock worth $274,569,000 after purchasing an additional 1,460,545 shares in the last quarter. LPL Financial LLC boosted its position in iShares MBS ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares in the last quarter. Renaissancere Holdings Ltd. grew its stake in shares of iShares MBS ETF by 34.9% during the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after purchasing an additional 997,000 shares during the period. Finally, Beacon Pointe Advisors LLC increased its holdings in shares of iShares MBS ETF by 1,599.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock valued at $81,050,000 after purchasing an additional 801,103 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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).