MAI Capital Management Boosts Holdings in iShares MBS ETF $MBB

MAI Capital Management lifted its holdings in iShares MBS ETF (NASDAQ:MBB) by 8.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 194,777 shares of the company’s stock after purchasing an additional 15,859 shares during the period. MAI Capital Management’s holdings in iShares MBS ETF were worth $18,533,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth $273,000. AQR Capital Management LLC grew its stake in iShares MBS ETF by 11.4% during the 1st quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock worth $950,000 after purchasing an additional 1,034 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in iShares MBS ETF by 13.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock worth $35,521,000 after purchasing an additional 43,527 shares during the period. Oarsman Capital Inc. raised its position in iShares MBS ETF by 0.5% in the 2nd quarter. Oarsman Capital Inc. now owns 26,567 shares of the company’s stock valued at $2,494,000 after purchasing an additional 131 shares in the last quarter. Finally, Bristlecone Advisors LLC boosted its stake in shares of iShares MBS ETF by 44.7% in the 2nd quarter. Bristlecone Advisors LLC now owns 31,883 shares of the company’s stock valued at $2,993,000 after buying an additional 9,855 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $96.52 on Thursday. The business has a 50-day simple moving average of $95.65 and a 200-day simple moving average of $95.27. iShares MBS ETF has a one year low of $90.84 and a one year high of $96.65.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.3347 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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). 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).