Strategy Asset Managers LLC Makes New $1.51 Million Investment in iShares MBS ETF $MBB

Strategy Asset Managers LLC acquired a new stake in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,903 shares of the company’s stock, valued at approximately $1,515,000.

Other hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank bought a new stake in iShares MBS ETF during the 3rd quarter valued at $38,457,000. Envestnet Asset Management Inc. grew its position in shares of iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of iShares MBS ETF by 748.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock worth $1,757,000 after buying an additional 17,292 shares in the last quarter. Advisory Solutions Group LLC purchased a new position in shares of iShares MBS ETF during the second quarter valued at $2,878,000. Finally, Corient Private Wealth LP increased its stake in shares of iShares MBS ETF by 28.3% during the second quarter. Corient Private Wealth LP now owns 786,118 shares of the company’s stock valued at $74,304,000 after buying an additional 173,525 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of iShares MBS ETF stock opened at $90.00 on Thursday. The stock’s fifty day moving average price is $91.69 and its 200-day moving average price is $93.37. 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 firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This represents a $4.39 annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.

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).