Jenkins Wealth Takes Position in iShares MBS ETF (NASDAQ:MBB)

Jenkins Wealth purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,998 shares of the company’s stock, valued at approximately $4,174,000. iShares MBS ETF accounts for approximately 1.7% of Jenkins Wealth’s investment portfolio, making the stock its 10th largest holding.

A number of other large investors also recently modified their holdings of MBB. Fairfield Bush & CO. acquired a new position in shares of iShares MBS ETF during the first quarter valued at $33,000. Synovus Financial Corp grew its holdings in iShares MBS ETF by 3.8% during the first quarter. Synovus Financial Corp now owns 14,266 shares of the company’s stock worth $1,453,000 after acquiring an additional 519 shares during the period. Mackay Shields LLC grew its holdings in iShares MBS ETF by 80.0% during the first quarter. Mackay Shields LLC now owns 4,927 shares of the company’s stock worth $502,000 after acquiring an additional 2,190 shares during the period. Moors & Cabot Inc. grew its holdings in iShares MBS ETF by 9.0% during the first quarter. Moors & Cabot Inc. now owns 8,130 shares of the company’s stock worth $828,000 after acquiring an additional 671 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in iShares MBS ETF by 15.8% during the first quarter. Baird Financial Group Inc. now owns 107,020 shares of the company’s stock worth $10,902,000 after acquiring an additional 14,625 shares during the period. 77.56% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 1.0 %

NASDAQ:MBB opened at $95.09 on Friday. The business’s 50-day moving average price is $94.43 and its 200 day moving average price is $93.39. iShares MBS ETF has a 52-week low of $88.00 and a 52-week high of $103.08.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were issued a dividend of $0.25 per share. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.24. This represents a $3.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Wednesday, March 1st.

iShares MBS ETF Profile

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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).