Lakeshore Capital Group Inc. Makes New Investment in iShares MBS ETF (NASDAQ:MBB)

Lakeshore Capital Group Inc. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 15,171 shares of the company’s stock, valued at approximately $1,423,000. iShares MBS ETF comprises 1.4% of Lakeshore Capital Group Inc.’s holdings, making the stock its 22nd biggest position.

A number of other institutional investors have also recently bought and sold shares of MBB. Tompkins Financial Corp boosted its position in iShares MBS ETF by 51.7% during the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after acquiring an additional 109 shares during the period. Truvestments Capital LLC acquired a new stake in iShares MBS ETF during the 4th quarter worth about $36,000. Key Financial Inc boosted its position 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 acquiring an additional 422 shares during the period. Activest Wealth Management acquired a new stake in iShares MBS ETF during the 4th quarter worth about $58,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Down 0.1%

Shares of iShares MBS ETF stock opened at $91.97 on Wednesday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The stock has a 50-day simple moving average of $92.62 and a 200-day simple moving average of $92.53.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.3251 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.90 annualized dividend and a dividend yield of 4.24%.

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).