NorthRock Partners LLC Purchases 291,327 Shares of iShares MBS ETF $MBB

NorthRock Partners LLC grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 2,099.2% during the third quarter, HoldingsChannel.com reports. The firm owned 305,205 shares of the company’s stock after purchasing an additional 291,327 shares during the period. NorthRock Partners LLC’s holdings in iShares MBS ETF were worth $29,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FSC Wealth Advisors LLC increased its stake in shares of iShares MBS ETF by 1.3% in the second quarter. FSC Wealth Advisors LLC now owns 8,559 shares of the company’s stock valued at $804,000 after buying an additional 107 shares during the period. FWG Investments LLC. raised its holdings in iShares MBS ETF by 4.0% in the 3rd quarter. FWG Investments LLC. now owns 2,858 shares of the company’s stock valued at $272,000 after buying an additional 109 shares during the last quarter. Alesco Advisors LLC boosted its position in iShares MBS ETF by 0.8% during the 3rd quarter. Alesco Advisors LLC now owns 13,395 shares of the company’s stock worth $1,275,000 after buying an additional 110 shares during the period. Lynx Investment Advisory grew its holdings in iShares MBS ETF by 4.5% during the 3rd quarter. Lynx Investment Advisory now owns 2,575 shares of the company’s stock worth $245,000 after acquiring an additional 110 shares during the last quarter. Finally, OMNI 360 Wealth Inc. grew its holdings in iShares MBS ETF by 2.3% during the 3rd quarter. OMNI 360 Wealth Inc. now owns 4,925 shares of the company’s stock worth $469,000 after acquiring an additional 113 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $94.90 on Friday. The firm has a 50 day moving average price of $95.77 and a two-hundred day moving average price of $95.43. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.96.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3278 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.1%.

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).