Sculati Wealth Management LLC Acquires New Shares in iShares MBS ETF $MBB

Sculati Wealth Management LLC bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,879 shares of the company’s stock, valued at approximately $1,067,000.

A number of other institutional investors and hedge funds have also modified their holdings of MBB. Field & Main Bank purchased a new position in iShares MBS ETF in the 2nd quarter worth about $30,000. Montgomery Financial Services LLC purchased a new stake in shares of iShares MBS ETF during the 2nd quarter valued at about $27,000. Brown Lisle Cummings Inc. purchased a new stake in shares of iShares MBS ETF during the 1st quarter valued at about $28,000. First Community Trust NA purchased a new stake in shares of iShares MBS ETF during the 1st quarter valued at about $32,000. Finally, Beaird Harris Wealth Management LLC purchased a new stake in shares of iShares MBS ETF during the 2nd quarter valued at about $34,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.4%

iShares MBS ETF stock traded down $0.36 during midday trading on Monday, reaching $90.16. 1,141,773 shares of the company traded hands, compared to its average volume of 3,214,754. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96. The business has a 50 day moving average of $91.58 and a two-hundred day moving average of $93.31.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3662 per share. The ex-dividend date was Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%. This is a boost 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).