Droms Strauss Advisors Inc. MO ADV Acquires New Stake in iShares MBS ETF $MBB

Droms Strauss Advisors Inc. MO ADV bought a new position in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,349 shares of the company’s stock, valued at approximately $1,107,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. LightSquare Wealth Management LLC lifted its position in iShares MBS ETF by 29.5% during the third quarter. LightSquare Wealth Management LLC now owns 10,811 shares of the company’s stock valued at $969,000 after buying an additional 2,460 shares during the period. Asset One Wealth Management LLC purchased a new position in shares of iShares MBS ETF during the third quarter valued at approximately $1,173,000. Heritage Family Offices LLP grew its stake in shares of iShares MBS ETF by 4.1% in the 3rd quarter. Heritage Family Offices LLP now owns 7,803 shares of the company’s stock worth $699,000 after buying an additional 309 shares during the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of iShares MBS ETF in the third quarter worth $461,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of iShares MBS ETF by 201.3% during the third quarter. Kestra Advisory Services LLC now owns 180,913 shares of the company’s stock valued at $16,213,000 after acquiring an additional 120,866 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB traded down $0.03 during trading hours on Friday, hitting $92.07. The company had a trading volume of 4,940,638 shares, compared to its average volume of 3,370,462. The firm has a fifty day moving average price of $91.04 and a 200-day moving average price of $93.69. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were issued a $0.3471 dividend. This represents a $4.17 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, November 2nd. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).