429,111 Shares in iShares MBS ETF $MBB Bought by Bangor Savings Bank

Bangor Savings Bank acquired a new stake in iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 429,111 shares of the company’s stock, valued at approximately $38,457,000. iShares MBS ETF accounts for approximately 2.9% of Bangor Savings Bank’s investment portfolio, making the stock its 11th largest holding. Bangor Savings Bank owned approximately 0.11% of iShares MBS ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Global Financial Private Client LLC lifted its holdings in shares of iShares MBS ETF by 3.8% during the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after acquiring an additional 108 shares during the period. Alteri Wealth LLC grew its holdings in shares of iShares MBS ETF by 0.6% in the 4th quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock worth $1,758,000 after purchasing an additional 118 shares during the last quarter. Merkkuri Wealth Advisors LLC grew its holdings in shares of iShares MBS ETF by 1.2% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock worth $944,000 after purchasing an additional 120 shares during the last quarter. Signature Equity Partners LLC increased its position in shares of iShares MBS ETF by 27.4% during the 1st quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after purchasing an additional 121 shares in the last quarter. Finally, Beacon Financial Advisory LLC lifted its holdings in iShares MBS ETF by 1.7% during the 4th quarter. Beacon Financial Advisory LLC now owns 7,717 shares of the company’s stock valued at $735,000 after purchasing an additional 127 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB traded up $0.27 during mid-day trading on Tuesday, hitting $89.36. 7,087,491 shares of the stock were exchanged, compared to its average volume of 3,102,314. iShares MBS ETF has a twelve month low of $88.84 and a twelve month high of $96.96. The stock’s fifty day simple moving average is $92.18 and its two-hundred day simple moving average is $93.60.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.3662 per share. The ex-dividend date is Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.9%.

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).