Midland Wealth Advisors LLC Buys 677,722 Shares of iShares MBS ETF $MBB

Midland Wealth Advisors LLC grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 26.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,196,616 shares of the company’s stock after purchasing an additional 677,722 shares during the period. iShares MBS ETF makes up 13.2% of Midland Wealth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Midland Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $286,481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in MBB. Shelter Ins Retirement Plan acquired a new stake in shares of iShares MBS ETF in the 2nd quarter valued at about $12,335,042,000. Envestnet Asset Management Inc. increased its position in 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 valued at $2,921,648,000 after buying an additional 2,006,656 shares in the last quarter. PNC Financial Services Group Inc. increased its position in iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after buying an additional 106,144 shares in the last quarter. Bank of New York Mellon Corp raised its stake in iShares MBS ETF by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after buying an additional 201,354 shares during the period. Finally, Sei Investments Co. raised its stake in iShares MBS ETF by 5.2% during the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock worth $208,335,000 after buying an additional 108,361 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.0%

MBB stock opened at $91.55 on Wednesday. The stock’s 50 day simple moving average is $91.29 and its 200 day simple moving average is $93.84. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Thursday, October 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). 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).