iShares MBS ETF $MBB Stock Purchased by Stash Investments LLC

Stash Investments LLC lifted its position in iShares MBS ETF (NASDAQ:MBB) by 183.2% in the third quarter, HoldingsChannel reports. The firm owned 16,058 shares of the company’s stock after buying an additional 10,387 shares during the period. iShares MBS ETF makes up about 0.4% of Stash Investments LLC’s portfolio, making the stock its 12th biggest holding. Stash Investments LLC’s holdings in iShares MBS ETF were worth $1,439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $153,345,000. Rockland Trust Co. acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $59,468,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $39,361,000. Finally, Bangor Savings Bank acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $38,457,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.0%

MBB stock opened at $91.55 on Wednesday. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The firm’s 50 day moving average price is $91.29 and its 200-day moving average price is $93.84.

iShares MBS ETF Increases Dividend

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

iShares MBS ETF 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).