Rodgers & Associates LTD Invests $37.99 Million in iShares MBS ETF $MBB

Rodgers & Associates LTD bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 401,892 shares of the company’s stock, valued at approximately $37,987,000. iShares MBS ETF comprises approximately 2.8% of Rodgers & Associates LTD’s portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in iShares MBS ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. TIAA Trust National Association boosted its holdings in iShares MBS ETF by 2.5% during the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after purchasing an additional 646,390 shares in the last quarter. Morgan Stanley boosted its holdings in iShares MBS ETF by 4.1% during the fourth quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock valued at $938,142,000 after purchasing an additional 383,629 shares in the last quarter. Renaissancere Holdings Ltd. grew its stake in shares of iShares MBS ETF by 34.9% in the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock valued at $366,559,000 after purchasing an additional 997,000 shares during the period. Finally, Stifel Financial Corp grew its stake in shares of iShares MBS ETF by 3.9% in the 4th quarter. Stifel Financial Corp now owns 3,699,321 shares of the company’s stock valued at $352,249,000 after purchasing an additional 139,861 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $92.51 on Thursday. iShares MBS ETF has a 1 year low of $92.28 and a 1 year high of $96.96. The stock has a 50 day simple moving average of $93.50 and a 200-day simple moving average of $94.42.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.3388 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, September 1st.

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).