Intelligence Driven Advisers LLC Purchases 26,218 Shares of iShares MBS ETF $MBB

Intelligence Driven Advisers LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,218 shares of the company’s stock, valued at approximately $2,350,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Montgomery Financial Services LLC bought a new position in iShares MBS ETF during the 2nd quarter worth $27,000. Brown Lisle Cummings Inc. bought a new stake in shares of iShares MBS ETF in the 1st quarter valued at about $28,000. Field & Main Bank acquired a new stake in shares of iShares MBS ETF in the second quarter valued at about $30,000. First Community Trust NA bought a new position in shares of iShares MBS ETF during the first quarter worth about $32,000. Finally, Beaird Harris Wealth Management LLC bought a new position in shares of iShares MBS ETF during the second quarter worth about $34,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

MBB stock traded down $0.07 during trading on Friday, hitting $89.66. The company had a trading volume of 2,179,873 shares, compared to its average volume of 3,118,814. The business has a 50-day moving average of $91.94 and a 200-day moving average of $93.49. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96.

iShares MBS ETF Increases Dividend

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

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).