MMA Asset Management LLC Buys 43,335 Shares of iShares MBS ETF $MBB

MMA Asset Management LLC lifted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 230.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,115 shares of the company’s stock after purchasing an additional 43,335 shares during the period. iShares MBS ETF comprises about 1.7% of MMA Asset Management LLC’s investment portfolio, making the stock its 9th biggest holding. MMA Asset Management LLC’s holdings in iShares MBS ETF were worth $5,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MBB. Commonwealth Equity Services LLC acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $49,108,000. Schmidt P J Investment Management Inc. acquired a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $238,000. Jmac Enterprises LLC grew its position in shares of iShares MBS ETF by 3.2% in the 3rd quarter. Jmac Enterprises LLC now owns 83,741 shares of the company’s stock worth $7,505,000 after acquiring an additional 2,561 shares in the last quarter. Integrity Alliance LLC. acquired a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $29,428,000. Finally, Integrity Advisory Solutions LLC increased its holdings in shares of iShares MBS ETF by 17.1% in the 3rd quarter. Integrity Advisory Solutions LLC now owns 45,541 shares of the company’s stock valued at $4,081,000 after acquiring an additional 6,647 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.2%

Shares of NASDAQ MBB opened at $92.14 on Friday. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96. The business has a 50 day simple moving average of $91.07 and a 200-day simple moving average of $93.71.

iShares MBS ETF Cuts Dividend

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

iShares MBS ETF 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).