LRI Investments LLC Buys New Shares in iShares MBS ETF $MBB

LRI Investments LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 320 shares of the company’s stock, valued at approximately $30,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its stake in iShares MBS ETF by 11.0% in the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after purchasing an additional 2,404,586 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in iShares MBS ETF by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock valued at $275,669,000 after purchasing an additional 8,399 shares during the last quarter. Renaissancere Holdings Ltd. acquired a new position in iShares MBS ETF in the first quarter valued at $267,782,000. Cetera Investment Advisers increased its stake in iShares MBS ETF by 17.5% in the first quarter. Cetera Investment Advisers now owns 1,863,533 shares of the company’s stock valued at $174,762,000 after purchasing an additional 277,926 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in iShares MBS ETF by 13.0% in the first quarter. Raymond James Financial Inc. now owns 1,421,953 shares of the company’s stock valued at $133,351,000 after purchasing an additional 163,543 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.2%

iShares MBS ETF stock opened at $95.46 on Tuesday. The stock has a fifty day moving average price of $94.58 and a 200 day moving average price of $93.41. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $95.97.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.3363 per share. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.2%.

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).