Mill Creek Capital Advisors LLC Grows Position in iShares MBS ETF $MBB

Mill Creek Capital Advisors LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 694,788 shares of the company’s stock after purchasing an additional 37,535 shares during the period. iShares MBS ETF accounts for 1.4% of Mill Creek Capital Advisors LLC’s holdings, making the stock its 13th biggest position. Mill Creek Capital Advisors LLC’s holdings in iShares MBS ETF were worth $66,109,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MBB. Empirical Asset Management LLC grew its stake in shares of iShares MBS ETF by 4.7% during the 3rd quarter. Empirical Asset Management LLC now owns 5,898 shares of the company’s stock valued at $561,000 after acquiring an additional 265 shares during the period. MAI Capital Management lifted its holdings in iShares MBS ETF by 8.9% during the third quarter. MAI Capital Management now owns 194,777 shares of the company’s stock valued at $18,533,000 after purchasing an additional 15,859 shares in the last quarter. Jacobson & Schmitt Advisors LLC purchased a new position in iShares MBS ETF during the third quarter valued at approximately $20,548,000. Parkside Investments LLC increased its stake in shares of iShares MBS ETF by 39.4% in the third quarter. Parkside Investments LLC now owns 346,303 shares of the company’s stock worth $32,951,000 after purchasing an additional 97,942 shares in the last quarter. Finally, Lutz Financial Services LLC raised its position in shares of iShares MBS ETF by 9.9% during the 3rd quarter. Lutz Financial Services LLC now owns 538,957 shares of the company’s stock valued at $51,282,000 after purchasing an additional 48,542 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB opened at $96.75 on Friday. The firm’s fifty day moving average is $95.68 and its 200 day moving average is $95.28. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.75.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.3347 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Monday, February 2nd.

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). 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).