iShares MBS ETF (NASDAQ:MBB) Shares Purchased by Redwood Investment Management LLC

Redwood Investment Management LLC increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 7.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,581 shares of the company’s stock after purchasing an additional 1,332 shares during the period. Redwood Investment Management LLC’s holdings in iShares MBS ETF were worth $1,704,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in MBB. Truvestments Capital LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter valued at approximately $36,000. Key Financial Inc lifted its holdings in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after buying an additional 422 shares in the last quarter. Activest Wealth Management purchased a new position in iShares MBS ETF in the 4th quarter valued at approximately $58,000. CENTRAL TRUST Co grew its stake in shares of iShares MBS ETF by 41.4% in the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Finally, Tucker Asset Management LLC grew its stake in shares of iShares MBS ETF by 74.5% in the fourth quarter. Tucker Asset Management LLC now owns 670 shares of the company’s stock worth $61,000 after acquiring an additional 286 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.7%

iShares MBS ETF stock opened at $92.33 on Friday. iShares MBS ETF has a twelve month low of $90.03 and a twelve month high of $96.76. The stock’s fifty day simple moving average is $92.94 and its 200-day simple moving average is $92.58.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were paid a dividend of $0.3255 per share. This represents a $3.91 annualized dividend and a yield of 4.23%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 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).