Wedbush Securities Inc. Makes New $888,000 Investment in iShares MBS ETF $MBB

Wedbush Securities Inc. purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,903 shares of the company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at about $153,345,000. Rockland Trust Co. bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at about $59,468,000. Avidian Wealth Enterprises LLC bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at about $39,361,000. Finally, Bangor Savings Bank purchased a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $38,457,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $91.52 on Tuesday. The company’s 50 day moving average is $91.36 and its 200 day moving average is $93.88. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given 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 was Thursday, October 1st. This represents a $4.39 annualized dividend and a yield of 4.8%.

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).