EverSource Wealth Advisors LLC Purchases 80,025 Shares of iShares MBS ETF (NASDAQ:MBB)

EverSource Wealth Advisors LLC raised its position in iShares MBS ETF (NASDAQ:MBB) by 701.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,432 shares of the company’s stock after purchasing an additional 80,025 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $8,187,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MBB. Jane Street Group LLC lifted its holdings in shares of iShares MBS ETF by 542.0% during the 1st quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock worth $779,016,000 after acquiring an additional 7,116,171 shares during the last quarter. Dynasty Wealth Management LLC purchased a new position in iShares MBS ETF in the 1st quarter worth $158,046,000. Midland Wealth Advisors LLC purchased a new position in iShares MBS ETF in the 4th quarter worth $151,461,000. Quotient Wealth Partners LLC purchased a new position in iShares MBS ETF in the 4th quarter worth $138,573,000. Finally, Charles Schwab Investment Advisory Inc. raised its position in iShares MBS ETF by 25.3% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after purchasing an additional 1,102,208 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB traded up $1.20 during trading hours on Friday, reaching $95.22. The company’s stock had a trading volume of 1,607,461 shares, compared to its average volume of 2,335,353. The firm has a 50-day simple moving average of $92.29 and a 200-day simple moving average of $91.85. iShares MBS ETF has a 1 year low of $85.28 and a 1 year high of $95.27.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st will be given a $0.3086 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend is Thursday, August 1st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.89%.

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).