Redwood Investment Management LLC Acquires 758 Shares of iShares MBS ETF (NASDAQ:MBB)

Redwood Investment Management LLC boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,682 shares of the company’s stock after acquiring an additional 758 shares during the quarter. Redwood Investment Management LLC’s holdings in iShares MBS ETF were worth $1,357,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. Dynasty Wealth Management LLC bought a new position in shares of iShares MBS ETF in the first quarter valued at approximately $158,046,000. Midland Wealth Advisors LLC acquired a new stake in shares of iShares MBS ETF in the fourth quarter worth $151,461,000. Quotient Wealth Partners LLC acquired a new stake in shares of iShares MBS ETF in the fourth quarter worth $138,573,000. Charles Schwab Investment Advisory Inc. grew its stake in shares of iShares MBS ETF by 25.3% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after acquiring an additional 1,102,208 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in iShares MBS ETF by 189.5% during the first quarter. State of Michigan Retirement System now owns 1,565,800 shares of the company’s stock worth $144,711,000 after buying an additional 1,025,000 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.1 %

MBB traded up $0.12 during trading on Thursday, reaching $94.04. 240,998 shares of the company’s stock were exchanged, compared to its average volume of 2,329,228. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $94.55. The business has a 50 day moving average price of $92.14 and a 200 day moving average price of $91.82.

iShares MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.3053 per share. The ex-dividend date was Monday, July 1st. This represents a $3.66 dividend on an annualized basis and a yield of 3.90%.

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).