Covenant Multifamily Offices LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 967 shares of the company’s stock, valued at approximately $103,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Shepherd Financial Partners LLC increased its stake in iShares MBS ETF by 11.5% during the first quarter. Shepherd Financial Partners LLC now owns 3,235 shares of the company’s stock worth $344,000 after acquiring an additional 333 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of iShares MBS ETF by 4,030.0% in the first quarter. Enterprise Financial Services Corp now owns 413 shares of the company’s stock worth $44,000 after buying an additional 403 shares during the period. RKL Wealth Management LLC boosted its position in shares of iShares MBS ETF by 41.9% in the first quarter. RKL Wealth Management LLC now owns 47,257 shares of the company’s stock worth $5,036,000 after buying an additional 13,960 shares during the period. Barber Financial Group Inc. purchased a new stake in shares of iShares MBS ETF in the first quarter worth about $5,495,000. Finally, AlphaStar Capital Management LLC purchased a new stake in shares of iShares MBS ETF in the first quarter worth about $402,000.
Shares of NASDAQ MBB traded up $0.11 on Wednesday, hitting $106.27. The company had a trading volume of 405,988 shares, compared to its average volume of 1,275,283. iShares MBS ETF has a 12-month low of $101.75 and a 12-month high of $106.63.
The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were given a $0.2621 dividend. This represents a $3.15 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Wednesday, May 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).
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