Kestra Advisory Services LLC Buys 120,866 Shares of iShares MBS ETF $MBB

Kestra Advisory Services LLC boosted its position in iShares MBS ETF (NASDAQ:MBB) by 201.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,913 shares of the company’s stock after buying an additional 120,866 shares during the period. Kestra Advisory Services LLC’s holdings in iShares MBS ETF were worth $16,213,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MBS ETF during the third quarter valued at approximately $153,345,000. Asset Management One Co. Ltd. bought a new stake in shares of iShares MBS ETF during the third quarter valued at approximately $111,873,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares MBS ETF during the third quarter valued at approximately $75,219,000. Finally, Nottingham Advisors Inc. bought a new stake in shares of iShares MBS ETF during the third quarter valued at approximately $70,427,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $92.07 on Monday. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96. The stock’s 50 day moving average is $91.04 and its 200-day moving average is $93.69.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.3471 per share. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date was Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a yield of 4.5%.

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).