Newport Capital Group LLC Buys 32,931 Shares of iShares MBS ETF $MBB

Newport Capital Group LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 32,931 shares of the company’s stock, valued at approximately $3,041,000. iShares MBS ETF accounts for approximately 2.0% of Newport Capital Group LLC’s investment portfolio, making the stock its 18th biggest position.

Other large investors have also made changes to their positions in the company. Montgomery Financial Services LLC purchased a new stake in iShares MBS ETF during the second quarter worth about $27,000. Brown Lisle Cummings Inc. acquired a new position in iShares MBS ETF during the first quarter worth about $28,000. Field & Main Bank purchased a new position in iShares MBS ETF in the second quarter valued at about $30,000. First Community Trust NA purchased a new position in iShares MBS ETF in the first quarter valued at about $32,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in iShares MBS ETF in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock traded down $0.07 during midday trading on Friday, reaching $90.52. 2,630,289 shares of the company traded hands, compared to its average volume of 3,225,338. The firm’s 50 day simple moving average is $91.58 and its two-hundred day simple moving average is $93.32. iShares MBS ETF has a 1-year low of $88.58 and a 1-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. Investors of record on Thursday, October 1st were paid a $0.3662 dividend. This represents a $4.39 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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).