Commerce Bank Buys 4,242 Shares of iShares MBS ETF (NASDAQ:MBB)

Commerce Bank grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 41.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 14,440 shares of the company’s stock after buying an additional 4,242 shares during the period. Commerce Bank’s holdings in iShares MBS ETF were worth $1,354,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Tompkins Financial Corp lifted its position in shares of iShares MBS ETF by 51.7% in 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. Curat Global LLC acquired a new position in shares of iShares MBS ETF in the first quarter valued at $30,000. IMG Wealth Management Inc. acquired a new position in shares of iShares MBS ETF in the first quarter valued at $30,000. MorganRosel Wealth Management LLC bought a new position in iShares MBS ETF in the first quarter worth $38,000. Finally, Quest 10 Wealth Builders Inc. boosted its stake in iShares MBS ETF by 68.7% during the first quarter. Quest 10 Wealth Builders Inc. now owns 442 shares of the company’s stock worth $41,000 after buying an additional 180 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $93.77 on Tuesday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The company’s fifty day moving average price is $92.88 and its two-hundred day moving average price is $92.76.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 6th. Investors of record on Friday, August 1st will be paid a $0.3319 dividend. The ex-dividend date of this dividend is Friday, August 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

iShares MBS ETF Company 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).