iShares MBS ETF (NASDAQ:MBB) Shares Purchased by Bay Harbor Wealth Management LLC

Bay Harbor Wealth Management LLC increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 71,216 shares of the company’s stock after purchasing an additional 3,183 shares during the period. iShares MBS ETF comprises approximately 2.1% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 17th largest position. Bay Harbor Wealth Management LLC’s holdings in iShares MBS ETF were worth $6,529,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Hobbs Group Advisors LLC grew its holdings in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF in the third quarter valued at $30,000. Godsey & Gibb Inc. acquired a new position in shares of iShares MBS ETF during the 3rd quarter worth $33,000. MeadowBrook Investment Advisors LLC boosted its position in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in iShares MBS ETF by 254.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after acquiring an additional 333 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $91.63 on Tuesday. The company has a 50-day moving average of $92.14 and a two-hundred day moving average of $93.56. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.3414 per share. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend is Monday, February 3rd.

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).