Stockman Wealth Management Inc. Has $46.96 Million Stake in iShares MBS ETF $MBB

Stockman Wealth Management Inc. grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 16.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 493,525 shares of the company’s stock after acquiring an additional 69,649 shares during the quarter. iShares MBS ETF comprises approximately 5.8% of Stockman Wealth Management Inc.’s holdings, making the stock its largest holding. Stockman Wealth Management Inc. owned 0.11% of iShares MBS ETF worth $46,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in iShares MBS ETF in the fourth quarter worth $273,000. Hsbc Holdings PLC lifted its holdings in iShares MBS ETF by 15.0% during the first quarter. Hsbc Holdings PLC now owns 12,354 shares of the company’s stock worth $1,159,000 after buying an additional 1,613 shares during the period. WPG Advisers LLC bought a new stake in iShares MBS ETF during the first quarter valued at about $111,000. The Manufacturers Life Insurance Company grew its position in shares of iShares MBS ETF by 220.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 432,688 shares of the company’s stock worth $40,578,000 after buying an additional 297,461 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in iShares MBS ETF by 1.9% in the first quarter. Baird Financial Group Inc. now owns 257,793 shares of the company’s stock worth $24,176,000 after purchasing an additional 4,691 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $95.36 on Friday. The stock’s fifty day moving average price is $95.42 and its 200 day moving average price is $94.48. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.25.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.334 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

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). 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).