Nottingham Advisors Inc. Purchases New Shares in iShares MBS ETF $MBB

Nottingham Advisors Inc. purchased a new position in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 787,190 shares of the company’s stock, valued at approximately $70,427,000. iShares MBS ETF makes up 8.6% of Nottingham Advisors Inc.’s portfolio, making the stock its 2nd biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Certified Advisory Corp bought a new position in shares of iShares MBS ETF during the third quarter valued at $629,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of iShares MBS ETF by 7.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 768,970 shares of the company’s stock worth $68,915,000 after purchasing an additional 55,265 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MBS ETF in the third quarter worth about $75,219,000. ARQ Wealth Advisors LLC purchased a new position in iShares MBS ETF during the third quarter valued at $4,916,000. Finally, Investment Partners LTD. bought a new stake in iShares MBS ETF in the 3rd quarter worth approximately $4,281,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $91.73 on Tuesday. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96. The stock’s fifty day moving average is $91.17 and its 200 day moving average is $93.77.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be given a dividend of $0.3471 per share. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, November 2nd. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).