Midland Wealth Advisors LLC Increases Stock Position in iShares MBS ETF $MBB

Midland Wealth Advisors LLC raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 42.9% in the third quarter, Holdings Channel reports. The firm owned 2,654,483 shares of the company’s stock after acquiring an additional 797,198 shares during the quarter. iShares MBS ETF accounts for 13.5% of Midland Wealth Advisors LLC’s holdings, making the stock its 2nd biggest holding. Midland Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $252,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MBB. Delos Wealth Advisors LLC purchased a new position in iShares MBS ETF in the 2nd quarter worth approximately $26,000. Howe & Rusling Inc. boosted its position in shares of iShares MBS ETF by 184.0% during the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after buying an additional 184 shares during the last quarter. Tsfg LLC boosted its position in shares of iShares MBS ETF by 106.8% during the second quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after buying an additional 173 shares during the last quarter. Westfuller Advisors LLC bought a new stake in iShares MBS ETF in the 3rd quarter worth about $33,000. Finally, Evolution Wealth Management Inc. purchased a new position in iShares MBS ETF in the 2nd quarter worth about $39,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.0%

Shares of NASDAQ MBB opened at $96.30 on Friday. The firm’s 50-day moving average price is $95.54 and its 200-day moving average price is $95.18. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.55.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.3347 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33.

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). 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).