Modera Wealth Management LLC Acquires 439,400 Shares of iShares MBS ETF $MBB

Modera Wealth Management LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 439,400 shares of the company’s stock, valued at approximately $39,379,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Field & Main Bank acquired a new position in iShares MBS ETF in the second quarter valued at $30,000. Montgomery Financial Services LLC purchased a new position in iShares MBS ETF during the second quarter worth about $27,000. Beaird Harris Wealth Management LLC acquired a new stake in iShares MBS ETF in the 2nd quarter worth about $34,000. Investors Research Corp boosted its stake in iShares MBS ETF by 1,587.0% in the 2nd quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after buying an additional 365 shares during the last quarter. Finally, Beacon Financial Strategies CORP acquired a new stake in iShares MBS ETF in the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB opened at $92.05 on Friday. The business has a 50-day moving average of $91.20 and a two-hundred day moving average of $93.79. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96.

iShares MBS ETF Increases Dividend

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

About iShares MBS ETF

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).