iShares MBS ETF $MBB Shares Bought by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. increased its holdings in iShares MBS ETF (NASDAQ:MBB) by 10.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 335,234 shares of the company’s stock after buying an additional 30,917 shares during the period. iShares MBS ETF makes up 3.5% of Cabot Wealth Management Inc.’s holdings, making the stock its 4th largest holding. Cabot Wealth Management Inc.’s holdings in iShares MBS ETF were worth $31,921,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howe & Rusling Inc. raised its position in iShares MBS ETF by 184.0% during the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Westfuller Advisors LLC acquired a new position in iShares MBS ETF during the third quarter valued at approximately $33,000. Aventura Private Wealth LLC acquired a new position in iShares MBS ETF during the fourth quarter valued at approximately $35,000. Wealth Watch Advisors INC acquired a new position in iShares MBS ETF during the third quarter valued at approximately $35,000. Finally, Dunhill Financial LLC raised its position in iShares MBS ETF by 3,554.5% during the fourth quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 391 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB opened at $94.80 on Thursday. iShares MBS ETF has a one year low of $91.19 and a one year high of $96.96. The firm has a 50 day simple moving average of $95.19 and a two-hundred day simple moving average of $95.41.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.3346 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, May 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).