International Assets Investment Management LLC lifted its position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 161.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,168 shares of the company’s stock after purchasing an additional 6,899 shares during the period. International Assets Investment Management LLC’s holdings in iShares MBS ETF were worth $1,001,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in MBB. Brian Low Financial Group LLC boosted its holdings in shares of iShares MBS ETF by 1.3% in the third quarter. Brian Low Financial Group LLC now owns 35,126 shares of the company’s stock valued at $3,148,000 after acquiring an additional 457 shares during the period. Auour Investments LLC acquired a new position in shares of iShares MBS ETF in the 3rd quarter valued at $1,656,000. Soltis Investment Advisors LLC acquired a new position in shares of iShares MBS ETF in the 3rd quarter valued at $1,175,000. Founders Financial Securities LLC purchased a new stake in iShares MBS ETF in the 3rd quarter valued at $243,000. Finally, D.A. Davidson & CO. purchased a new stake in iShares MBS ETF in the 3rd quarter valued at $538,000. 91.70% of the stock is owned by hedge funds and other institutional investors.
iShares MBS ETF Trading Up 0.5%
Shares of NASDAQ:MBB opened at $92.00 on Thursday. The firm has a fifty day moving average price of $91.10 and a 200 day moving average price of $93.73. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.
iShares MBS ETF Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be given a $0.3471 dividend. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date is Monday, November 2nd. This represents a $4.17 annualized dividend and a yield of 4.5%.
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).
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