1,711,063 Shares of iShares MBS ETF $MBB Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,711,063 shares of the company’s stock, valued at approximately $153,345,000. iShares MBS ETF makes up 1.8% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBB. Field & Main Bank bought a new position in iShares MBS ETF during the second quarter worth about $30,000. Montgomery Financial Services LLC acquired a new stake in shares of iShares MBS ETF in the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. acquired a new position in iShares MBS ETF during the first quarter worth approximately $28,000. First Community Trust NA bought a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $32,000. Finally, Beaird Harris Wealth Management LLC bought a new stake in iShares MBS ETF in the 2nd quarter valued at $34,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.4%

MBB stock traded down $0.35 during midday trading on Monday, reaching $88.86. 1,979,542 shares of the company were exchanged, compared to its average volume of 3,063,652. The business has a 50-day moving average price of $92.26 and a two-hundred day moving average price of $93.65. iShares MBS ETF has a one year low of $88.85 and a one year high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be given a $0.3662 dividend. The ex-dividend date of this dividend is Thursday, October 1st. 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 4.9%.

iShares MBS ETF Profile

(Free Report)

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).

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