Investment Partners LTD. Makes New Investment in iShares MBS ETF $MBB

Investment Partners LTD. purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 47,764 shares of the company’s stock, valued at approximately $4,281,000.

A number of other institutional investors also recently made changes to their positions in MBB. Montgomery Financial Services LLC purchased a new stake in shares of iShares MBS ETF in the second quarter valued at $27,000. Field & Main Bank purchased a new stake in iShares MBS ETF during the 2nd quarter worth about $30,000. Beaird Harris Wealth Management LLC purchased a new stake in iShares MBS ETF during the 2nd quarter worth about $34,000. Laurel Wealth Advisors LLC acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $36,000. Finally, Signaturefd LLC acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $36,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $92.05 on Friday. The company’s 50-day moving average is $91.20 and its two-hundred day moving average is $93.79. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3662 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 1st.

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).