12,349 Shares in iShares MBS ETF $MBB Acquired by Droms Strauss Advisors Inc. MO ADV

Droms Strauss Advisors Inc. MO ADV acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 12,349 shares of the company’s stock, valued at approximately $1,107,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Field & Main Bank purchased a new stake in iShares MBS ETF during the 2nd quarter valued at $30,000. Montgomery Financial Services LLC purchased a new stake in iShares MBS ETF during the second quarter valued at $27,000. Beaird Harris Wealth Management LLC bought a new position in iShares MBS ETF in the second quarter valued at about $34,000. Investors Research Corp increased its position in shares of iShares MBS ETF by 1,587.0% during the 2nd quarter. Investors Research Corp now owns 388 shares of the company’s stock valued at $37,000 after purchasing an additional 365 shares during the last quarter. Finally, Beacon Financial Strategies CORP bought a new position in shares of iShares MBS ETF in the 2nd quarter worth approximately $38,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB traded down $0.03 on Friday, reaching $92.07. The company’s stock had a trading volume of 4,940,638 shares, compared to its average volume of 3,370,462. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The stock’s 50 day simple moving average is $91.04 and its two-hundred day simple moving average is $93.69.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.3471 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a yield of 4.5%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).