iShares MBS ETF (NASDAQ:MBB) Increases Dividend to $0.37 Per Share

iShares MBS ETF (NASDAQ:MBB) declared a monthly dividend on Wednesday, September 30th. Shareholders of record on Thursday, October 1st will be given a dividend of $0.3662 per share on Tuesday, October 6th. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 1st. This is a 8.1% increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $89.62 on Thursday. The stock’s fifty day simple moving average is $92.41 and its 200 day simple moving average is $93.73. iShares MBS ETF has a 52-week low of $89.14 and a 52-week high of $96.96.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Field & Main Bank purchased a new stake in shares of iShares MBS ETF in the 2nd quarter valued at approximately $30,000. Montgomery Financial Services LLC acquired a new stake in iShares MBS ETF during the 2nd quarter valued at $27,000. Brown Lisle Cummings Inc. purchased a new stake in shares of iShares MBS ETF in the first quarter valued at $28,000. First Community Trust NA acquired a new stake in shares of iShares MBS ETF in the first quarter worth $32,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in shares of iShares MBS ETF in the second quarter worth $34,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

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). 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).