D.A. Davidson & CO. Acquires 6,005 Shares of iShares MBS ETF $MBB

D.A. Davidson & CO. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,005 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Shelter Ins Retirement Plan bought a new position in iShares MBS ETF in the 2nd quarter valued at approximately $12,335,042,000. Envestnet Asset Management Inc. boosted its position in shares of 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 valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares MBS ETF by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after buying an additional 106,144 shares in the last quarter. Midland Wealth Advisors LLC grew its holdings in iShares MBS ETF by 26.9% in the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after purchasing an additional 677,722 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of iShares MBS ETF by 9.5% in the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after buying an additional 201,354 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock traded down $0.03 during midday trading on Friday, reaching $92.07. 4,940,638 shares of the company’s stock traded hands, compared to its average volume of 3,370,462. The firm’s fifty day moving average price is $91.04 and its 200-day moving average price is $93.69. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.3471 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $4.17 annualized dividend and a dividend yield of 4.5%. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).