Westover Capital Advisors LLC Purchases 120,866 Shares of iShares MBS ETF $MBB

Westover Capital Advisors LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 120,866 shares of the company’s stock, valued at approximately $10,832,000. iShares MBS ETF accounts for about 1.8% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in MBB. Bangor Savings Bank acquired a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $38,457,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of iShares MBS ETF by 748.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock worth $1,757,000 after purchasing an additional 17,292 shares in the last quarter. Advisory Solutions Group LLC acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth about $2,878,000. Finally, Corient Private Wealth LP increased its position in shares of iShares MBS ETF by 28.3% during the 2nd quarter. Corient Private Wealth LP now owns 786,118 shares of the company’s stock worth $74,304,000 after purchasing an additional 173,525 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $91.52 on Tuesday. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The firm has a 50-day moving average price of $91.36 and a 200 day moving average price of $93.88.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a $0.3662 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares MBS ETF Company 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).