iShares MBS ETF $MBB Stock Position Boosted by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. boosted its position in iShares MBS ETF (NASDAQ:MBB) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 549,731 shares of the company’s stock after acquiring an additional 56,206 shares during the period. iShares MBS ETF accounts for approximately 6.1% of Stockman Wealth Management Inc.’s investment portfolio, making the stock its biggest holding. Stockman Wealth Management Inc.’s holdings in iShares MBS ETF were worth $52,345,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Howe & Rusling Inc. boosted its stake in iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 184 shares in the last quarter. Westfuller Advisors LLC acquired a new position in shares of iShares MBS ETF during the third quarter worth $33,000. Wealth Watch Advisors INC acquired a new position in shares of iShares MBS ETF during the third quarter worth $35,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter valued at $35,000. Finally, Dunhill Financial LLC lifted its holdings in shares of iShares MBS ETF by 3,554.5% during the 4th quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 391 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 stock opened at $95.23 on Friday. iShares MBS ETF has a 1-year low of $91.19 and a 1-year high of $96.96. The stock’s fifty day moving average price is $95.38 and its 200 day moving average price is $95.44.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were issued a $0.3329 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, April 1st.

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).