iShares MBS ETF $MBB Stock Position Boosted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 16.4% in the 3rd quarter, Holdings Channel reports. The fund owned 493,525 shares of the company’s stock after acquiring an additional 69,649 shares during the quarter. iShares MBS ETF accounts for 5.8% of Stockman Wealth Management Inc.’s holdings, making the stock its largest holding. Stockman Wealth Management Inc.’s holdings in iShares MBS ETF were worth $46,959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Delos Wealth Advisors LLC purchased a new position in iShares MBS ETF during the second quarter worth about $26,000. LRI Investments LLC purchased a new position in shares of iShares MBS ETF in the 2nd quarter valued at about $30,000. Tsfg LLC increased its position in shares of iShares MBS ETF by 106.8% in the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in shares of iShares MBS ETF in the 1st quarter valued at about $34,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after buying an additional 295 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $95.36 on Friday. The stock has a 50-day simple moving average of $95.42 and a 200-day simple moving average of $94.48. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.25.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.334 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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).