iShares MBS ETF (NASDAQ:MBB) Raises Dividend to $0.33 Per Share

iShares MBS ETF (NASDAQ:MBB) announced a monthly dividend on Tuesday, March 31st, NASDAQ Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.3329 per share on Tuesday, April 7th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, April 1st. This is a 1.6% increase from iShares MBS ETF’s previous monthly dividend of $0.33.

iShares MBS ETF Stock Performance

NASDAQ MBB traded down $0.28 on Wednesday, reaching $94.67. The company had a trading volume of 4,073,410 shares, compared to its average volume of 3,062,329. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.96. The business has a 50 day moving average of $95.56 and a two-hundred day moving average of $95.44.

Hedge Funds Weigh In On iShares MBS ETF

Hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its position in iShares MBS ETF by 283.3% during the 4th quarter. Hsbc Holdings PLC now owns 15,047 shares of the company’s stock valued at $1,433,000 after purchasing an additional 11,121 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of iShares MBS ETF by 3.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 316,164 shares of the company’s stock valued at $30,105,000 after purchasing an additional 11,544 shares during the last quarter. World Investment Advisors boosted its stake in shares of iShares MBS ETF by 99.0% in the 4th quarter. World Investment Advisors now owns 112,883 shares of the company’s stock valued at $10,749,000 after purchasing an additional 56,162 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth $605,000. Finally, Bush Investment Group LLC increased its position in shares of iShares MBS ETF by 1.0% during the fourth quarter. Bush Investment Group LLC now owns 13,431 shares of the company’s stock worth $1,279,000 after buying an additional 135 shares during the period. 91.70% of the stock is currently owned by institutional investors.

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).