Bangor Savings Bank Acquires New Stake in iShares MBS ETF $MBB

Bangor Savings Bank acquired a new stake in iShares MBS ETF (NASDAQ:MBB) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 429,111 shares of the company’s stock, valued at approximately $38,457,000. iShares MBS ETF makes up about 2.9% of Bangor Savings Bank’s holdings, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in MBB. Rosenberg Matthew Hamilton boosted its holdings in iShares MBS ETF by 748.2% in the third quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock valued at $1,757,000 after acquiring an additional 17,292 shares during the last quarter. Tompkins Financial Corp bought a new stake in iShares MBS ETF during the 3rd quarter worth about $71,000. Ferguson Wellman Capital Management Inc. bought a new stake in iShares MBS ETF during the 3rd quarter worth about $153,345,000. FC Advisory LLC lifted its position in iShares MBS ETF by 2.2% during the 3rd quarter. FC Advisory LLC now owns 9,178 shares of the company’s stock valued at $823,000 after purchasing an additional 201 shares during the period. Finally, Rockland Trust Co. acquired a new position in iShares MBS ETF during the 3rd quarter valued at about $59,468,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.3%

Shares of MBB traded up $0.27 on Tuesday, reaching $89.36. 7,087,491 shares of the company’s stock were exchanged, compared to its average volume of 3,102,314. The business has a 50 day moving average price of $92.18 and a two-hundred day moving average price of $93.60. iShares MBS ETF has a 12 month low of $88.84 and a 12 month high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a $0.3662 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%.

About iShares MBS ETF

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).