iShares MBS ETF (NASDAQ:MBB) is Bangor Savings Bank’s 9th Largest Position

Bangor Savings Bank raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 3.5% during the first quarter, HoldingsChannel reports. The firm owned 327,152 shares of the company’s stock after buying an additional 10,963 shares during the period. iShares MBS ETF comprises about 2.9% of Bangor Savings Bank’s investment portfolio, making the stock its 9th biggest holding. Bangor Savings Bank’s holdings in iShares MBS ETF were worth $30,680,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MBB. Tompkins Financial Corp grew its holdings in iShares MBS ETF by 51.7% during the first quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after acquiring an additional 109 shares during the period. Curat Global LLC purchased a new stake in shares of iShares MBS ETF in the first quarter valued at $30,000. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at $36,000. Key Financial Inc lifted its position in shares of iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 422 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in iShares MBS ETF during the fourth quarter worth about $58,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.5%

NASDAQ MBB opened at $91.75 on Friday. The business’s 50-day moving average price is $92.53 and its 200 day moving average price is $92.52. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.3251 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.25%.

About iShares MBS ETF

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).