iShares MBS ETF $MBB Shares Purchased by RDA Financial Network

RDA Financial Network boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 2.7% during the second quarter, Holdings Channel.com reports. The fund owned 18,988 shares of the company’s stock after purchasing an additional 497 shares during the quarter. RDA Financial Network’s holdings in iShares MBS ETF were worth $1,783,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. City Center Advisors LLC purchased a new position in iShares MBS ETF in the 2nd quarter valued at $339,000. Private Client Services LLC purchased a new position in iShares MBS ETF in the 2nd quarter valued at $280,000. Bush Investment Group LLC lifted its holdings in iShares MBS ETF by 1.2% in the 2nd quarter. Bush Investment Group LLC now owns 12,315 shares of the company’s stock valued at $1,156,000 after purchasing an additional 141 shares in the last quarter. Cim LLC lifted its holdings in iShares MBS ETF by 2.2% in the 1st quarter. Cim LLC now owns 103,877 shares of the company’s stock valued at $9,742,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Modern Wealth Management LLC lifted its holdings in iShares MBS ETF by 14.4% in the 1st quarter. Modern Wealth Management LLC now owns 155,925 shares of the company’s stock valued at $14,623,000 after purchasing an additional 19,602 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $95.42 on Friday. The stock’s fifty day moving average is $93.68 and its two-hundred day moving average is $93.14. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.76.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 5th. Shareholders of record on Tuesday, September 2nd were issued a $0.3383 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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).