Rockland Trust Co. Buys 663,553 Shares of iShares MBS ETF $MBB

Rockland Trust Co. bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, HoldingsChannel reports. The fund bought 663,553 shares of the company’s stock, valued at approximately $59,468,000. iShares MBS ETF comprises approximately 2.3% of Rockland Trust Co.’s holdings, making the stock its 10th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in iShares MBS ETF by 9.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,119,612 shares of the company’s stock worth $200,346,000 after purchasing an additional 188,877 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Talon Private Wealth LLC increased its position in iShares MBS ETF by 1.3% during the 2nd quarter. Talon Private Wealth LLC now owns 260,720 shares of the company’s stock worth $24,643,000 after purchasing an additional 3,219 shares during the period. Tidal Investments LLC raised its stake in shares of iShares MBS ETF by 47.1% during the 2nd quarter. Tidal Investments LLC now owns 29,567 shares of the company’s stock worth $2,785,000 after buying an additional 9,461 shares in the last quarter. Finally, Capital Analysts LLC lifted its holdings in shares of iShares MBS ETF by 21.6% in the 2nd quarter. Capital Analysts LLC now owns 82,871 shares of the company’s stock valued at $7,833,000 after buying an additional 14,709 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.4%

Shares of iShares MBS ETF stock traded down $0.34 during trading on Monday, reaching $88.89. The company’s stock had a trading volume of 1,979,542 shares, compared to its average volume of 3,063,652. The business has a 50 day moving average price of $92.26 and a 200-day moving average price of $93.65. iShares MBS ETF has a 12-month low of $88.85 and a 12-month high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.3662 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%.

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).