iShares MBS ETF $MBB Shares Newly Bought by Conning Inc.

Conning Inc. purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 387,672 shares of the company’s stock, valued at approximately $34,743,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. bought a new stake in iShares MBS ETF in the 3rd quarter worth approximately $111,873,000. Latitude Advisors LLC purchased a new stake in iShares MBS ETF in the third quarter worth approximately $894,000. Midland Wealth Advisors LLC boosted its stake in iShares MBS ETF by 26.9% in the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after buying an additional 677,722 shares in the last quarter. Ashton Thomas Securities LLC grew its position in iShares MBS ETF by 2.0% during the third quarter. Ashton Thomas Securities LLC now owns 39,875 shares of the company’s stock valued at $3,575,000 after acquiring an additional 763 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in iShares MBS ETF during the third quarter valued at approximately $335,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $91.41 on Thursday. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The company’s 50 day moving average price is $91.26 and its two-hundred day moving average price is $93.82.

iShares MBS ETF Increases Dividend

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

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).