iShares MBS ETF (NASDAQ:MBB) Shares Purchased by Keystone Financial Services

Keystone Financial Services increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 7.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,488 shares of the company’s stock after purchasing an additional 4,695 shares during the quarter. iShares MBS ETF accounts for 2.6% of Keystone Financial Services’ investment portfolio, making the stock its 10th biggest holding. Keystone Financial Services’ holdings in iShares MBS ETF were worth $6,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Manhattan West Asset Management LLC grew its position in shares of iShares MBS ETF by 14.3% in the fourth quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock valued at $4,490,000 after purchasing an additional 5,976 shares during the period. Crewe Advisors LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at about $82,000. CAP Partners LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at about $1,082,000. Hilltop Holdings Inc. grew its position in iShares MBS ETF by 0.3% during the fourth quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock valued at $11,830,000 after acquiring an additional 343 shares during the period. Finally, US Financial Advisors LLC grew its position in iShares MBS ETF by 7.2% during the fourth quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock valued at $2,133,000 after acquiring an additional 1,518 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock traded up $1.20 during trading on Friday, reaching $95.22. 1,607,461 shares of the stock traded hands, compared to its average volume of 2,335,353. The business’s 50 day moving average price is $92.29 and its 200-day moving average price is $91.84. iShares MBS ETF has a 52-week low of $85.28 and a 52-week high of $95.27.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be given a $0.3086 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date is Thursday, August 1st. This represents a $3.70 annualized dividend and a dividend yield of 3.89%.

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).