River Street Advisors LLC Invests $204,000 in iShares MBS ETF (NASDAQ:MBB)

River Street Advisors LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,212 shares of the company’s stock, valued at approximately $204,000.

Other hedge funds have also modified their holdings of the company. Simplicity Solutions LLC boosted its holdings in iShares MBS ETF by 3.6% during the 4th quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock valued at $317,000 after acquiring an additional 117 shares during the period. Wealthcare Advisory Partners LLC boosted its holdings in iShares MBS ETF by 1.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock valued at $888,000 after acquiring an additional 119 shares during the period. CoreCap Advisors LLC boosted its holdings in iShares MBS ETF by 4.4% during the 4th quarter. CoreCap Advisors LLC now owns 3,353 shares of the company’s stock valued at $315,000 after acquiring an additional 142 shares during the period. Ellis Investment Partners LLC boosted its holdings in iShares MBS ETF by 5.3% during the 4th quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock valued at $273,000 after acquiring an additional 146 shares during the period. Finally, Proffitt & Goodson Inc. boosted its holdings in iShares MBS ETF by 0.4% during the 4th quarter. Proffitt & Goodson Inc. now owns 35,782 shares of the company’s stock valued at $3,366,000 after acquiring an additional 153 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB traded down $0.48 during midday trading on Friday, hitting $91.81. The company had a trading volume of 2,024,831 shares, compared to its average volume of 2,436,675. The company’s 50-day simple moving average is $91.24 and its 200-day simple moving average is $91.98. iShares MBS ETF has a 1 year low of $85.28 and a 1 year high of $94.55.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a $0.3002 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Monday, June 3rd.

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).