Cabot Wealth Management Inc. Acquires New Stake in iShares MBS ETF $MBB

Cabot Wealth Management Inc. acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 118,907 shares of the company’s stock, valued at approximately $10,656,000.

Several other institutional investors and hedge funds have also bought and sold shares of MBB. Envestnet Asset Management Inc. increased 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. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MBS ETF in the third quarter valued at $153,345,000. Asset Management One Co. Ltd. bought a new stake in shares of iShares MBS ETF in the third quarter valued at $111,873,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at $75,219,000. Finally, Nottingham Advisors Inc. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at $70,427,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Down 0.1%

MBB stock opened at $91.11 on Thursday. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96. The stock has a fifty day moving average of $90.95 and a 200-day moving average of $93.63.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.3471 dividend. The ex-dividend date was Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a yield of 4.6%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).