iShares MBS ETF $MBB Stock: FDx Advisors Inc. Grows Stake

FDx Advisors Inc. grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 9.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 117,416 shares of the company’s stock after acquiring an additional 9,877 shares during the quarter. iShares MBS ETF makes up 3.3% of FDx Advisors Inc.’s investment portfolio, making the stock its 8th biggest position. FDx Advisors Inc.’s holdings in iShares MBS ETF were worth $10,523,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Clearwater Capital Advisors LLC raised its holdings in shares of iShares MBS ETF by 3.9% during the third quarter. Clearwater Capital Advisors LLC now owns 361,579 shares of the company’s stock valued at $32,405,000 after acquiring an additional 13,556 shares in the last quarter. Addison Advisors LLC purchased a new stake in iShares MBS ETF in the third quarter worth about $27,000. Financial Freedom LLC bought a new stake in iShares MBS ETF during the 3rd quarter valued at approximately $127,000. Citizens & Northern Corp boosted its position in iShares MBS ETF by 10.1% during the 3rd quarter. Citizens & Northern Corp now owns 34,272 shares of the company’s stock valued at $3,071,000 after acquiring an additional 3,154 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of iShares MBS ETF by 19.1% in the 3rd quarter. Allworth Financial LP now owns 3,613,057 shares of the company’s stock valued at $341,506,000 after purchasing an additional 578,164 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1%

Shares of NASDAQ MBB traded down $0.09 during mid-day trading on Friday, hitting $90.36. 2,480,979 shares of the stock traded hands, compared to its average volume of 3,386,129. The stock has a fifty day moving average price of $90.87 and a 200-day moving average price of $93.58. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a dividend of $0.3471 per share. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662. 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 4.6%.

iShares MBS ETF 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).