Cooper Financial Group Purchases 255 Shares of iShares MBS ETF (NASDAQ:MBB)

Cooper Financial Group increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,700 shares of the company’s stock after buying an additional 255 shares during the quarter. Cooper Financial Group’s holdings in iShares MBS ETF were worth $799,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC bought a new position in iShares MBS ETF in the fourth quarter valued at approximately $665,000. Allspring Global Investments Holdings LLC boosted its stake in shares of iShares MBS ETF by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 278,211 shares of the company’s stock worth $26,174,000 after acquiring an additional 3,815 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of iShares MBS ETF by 7.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 19,083 shares of the company’s stock worth $1,795,000 after acquiring an additional 1,258 shares during the period. Schmidt P J Investment Management Inc. boosted its stake in shares of iShares MBS ETF by 22.2% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 4,349 shares of the company’s stock worth $403,000 after acquiring an additional 791 shares during the period. Finally, Ellis Investment Partners LLC boosted its stake in shares of iShares MBS ETF by 5.3% during the 4th quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock worth $273,000 after acquiring an additional 146 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB traded up $0.28 during midday trading on Tuesday, hitting $94.82. 740,246 shares of the company’s stock were exchanged, compared to its average volume of 2,313,442. The company’s 50 day moving average price is $92.73 and its 200 day moving average price is $91.91. iShares MBS ETF has a 12 month low of $85.28 and a 12 month high of $95.85.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a dividend of $0.3086 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.70 annualized dividend and a yield of 3.91%. The ex-dividend date was Thursday, August 1st.

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).