McKinley Carter Wealth Services Inc. Buys New Stake in iShares MBS ETF $MBB

McKinley Carter Wealth Services Inc. purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 206,345 shares of the company’s stock, valued at approximately $18,493,000. iShares MBS ETF makes up approximately 1.0% of McKinley Carter Wealth Services Inc.’s investment portfolio, making the stock its 21st biggest holding. McKinley Carter Wealth Services Inc. owned about 0.05% of iShares MBS ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MBB. Bangor Savings Bank purchased a new position in shares of iShares MBS ETF in the 3rd quarter valued at $38,457,000. Envestnet Asset Management Inc. raised its stake in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in iShares MBS ETF by 748.2% in the third quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock valued at $1,757,000 after acquiring an additional 17,292 shares during the last quarter. Advisory Solutions Group LLC purchased a new stake in iShares MBS ETF in the second quarter valued at $2,878,000. Finally, Corient Private Wealth LP lifted its position in iShares MBS ETF by 28.3% in the second quarter. Corient Private Wealth LP now owns 786,118 shares of the company’s stock valued at $74,304,000 after acquiring an additional 173,525 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ MBB traded down $0.07 during trading hours on Friday, hitting $90.52. The company had a trading volume of 2,630,289 shares, compared to its average volume of 3,225,338. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96. The business has a 50 day moving average of $91.58 and a 200-day moving average of $93.32.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. 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. The ex-dividend date was Thursday, October 1st.

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).