iShares MBS ETF (NASDAQ:MBB) is Westover Capital Advisors LLC’s 9th Largest Position

Posted by Micah Haroldson on May 2nd, 2024

Westover Capital Advisors LLC decreased its position in iShares MBS ETF (NASDAQ:MBB – Free Report) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 77,668 shares of the company’s stock after selling 797 shares during the quarter. iShares MBS ETF comprises 2.4% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Westover Capital Advisors LLC’s holdings in iShares MBS ETF were worth $7,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Buttonwood Financial Group LLC increased its holdings in shares of iShares MBS ETF by 0.9% during the 4th quarter. Buttonwood Financial Group LLC now owns 30,211 shares of the company’s stock valued at $2,842,000 after acquiring an additional 269 shares during the last quarter. Delphi Financial Group Inc. lifted its stake in shares of iShares MBS ETF by 23.5% in the fourth quarter. Delphi Financial Group Inc. now owns 20,500 shares of the company’s stock worth $1,929,000 after buying an additional 3,900 shares during the last quarter. Advocacy Wealth Management Services LLC bought a new stake in shares of iShares MBS ETF during the 4th quarter worth $13,157,000. Mirae Asset Global Investments Co. Ltd. grew its stake in iShares MBS ETF by 7.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 499,054 shares of the company’s stock valued at $44,355,000 after buying an additional 36,319 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in iShares MBS ETF by 638.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,683 shares of the company’s stock worth $8,941,000 after acquiring an additional 87,044 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.4 %

Shares of MBB stock traded up $0.40 during trading hours on Thursday, reaching $90.16. 1,252,558 shares of the company’s stock were exchanged, compared to its average volume of 2,663,299. The business has a fifty day moving average price of $91.32 and a 200-day moving average price of $91.25. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $95.70.

iShares MBS ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.2823 per share. The ex-dividend date is Wednesday, May 1st. This represents a $3.39 annualized dividend and a dividend yield of 3.76%.

About iShares MBS ETF

(Free Report)

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).