McNaughton Wealth Management LLC Makes New $5.32 Million Investment in iShares MBS ETF $MBB

McNaughton Wealth Management LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,347 shares of the company’s stock, valued at approximately $5,319,000. iShares MBS ETF makes up 1.9% of McNaughton Wealth Management LLC’s holdings, making the stock its 14th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Market Street Wealth Management Advisors LLC boosted its holdings in iShares MBS ETF by 7,313.0% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 220,982 shares of the company’s stock valued at $19,804,000 after purchasing an additional 218,001 shares during the last quarter. Monument Capital Management increased its holdings in shares of iShares MBS ETF by 8.1% during the 3rd quarter. Monument Capital Management now owns 56,820 shares of the company’s stock worth $5,092,000 after buying an additional 4,240 shares during the last quarter. Acropolis Investment Management LLC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $989,000. Galvin Gaustad & Stein LLC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter valued at approximately $17,144,000. Finally, Invariant Investment Management purchased a new stake in shares of iShares MBS ETF during the 3rd quarter valued at approximately $1,829,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.6%

MBB opened at $89.73 on Friday. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The business’s 50 day moving average price is $91.94 and its 200 day moving average price is $93.49.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3662 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, October 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).