Soltis Investment Advisors LLC Buys New Shares in iShares MBS ETF $MBB

Soltis Investment Advisors LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, Holdings Channel reports. The fund purchased 13,107 shares of the company’s stock, valued at approximately $1,175,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBB. Envestnet Asset Management Inc. lifted its position in iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the last quarter. Midland Wealth Advisors LLC increased its position in iShares MBS ETF by 26.9% during the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock valued at $286,481,000 after acquiring an additional 677,722 shares during the last quarter. PNC Financial Services Group Inc. increased its position in iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after acquiring an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of iShares MBS ETF by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after acquiring an additional 201,354 shares during the period. Finally, Sei Investments Co. raised its stake in shares of iShares MBS ETF by 5.2% in the first quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after acquiring an additional 108,361 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $92.05 on Friday. The company’s fifty day simple moving average is $91.20 and its 200-day simple moving average is $93.79. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This represents a $4.39 annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).