Latitude Advisors LLC Makes New Investment in iShares MBS ETF $MBB

Latitude Advisors LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,970 shares of the company’s stock, valued at approximately $894,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Field & Main Bank acquired a new stake in iShares MBS ETF during the 2nd quarter worth $30,000. Montgomery Financial Services LLC acquired a new position in iShares MBS ETF in the second quarter valued at $27,000. Beaird Harris Wealth Management LLC purchased a new position in shares of iShares MBS ETF during the second quarter worth about $34,000. Investors Research Corp grew its holdings in shares of iShares MBS ETF by 1,587.0% during the second quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after purchasing an additional 365 shares during the last quarter. Finally, Beacon Financial Strategies CORP purchased a new position in shares of iShares MBS ETF during the second quarter worth about $38,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.0%

MBB opened at $91.55 on Wednesday. The business’s 50-day simple moving average is $91.29 and its 200-day simple moving average is $93.84. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.3662 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.8%.

iShares MBS ETF 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).