Diversified LLC Buys 764 Shares of iShares MBS ETF (NASDAQ:MBB)

Diversified LLC raised its stake in iShares MBS ETF (NASDAQ:MBB) by 7.8% during the 2nd quarter, Holdings Channel reports. The fund owned 10,611 shares of the company’s stock after acquiring an additional 764 shares during the period. Diversified LLC’s holdings in iShares MBS ETF were worth $974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Financial Management Professionals Inc. acquired a new position in shares of iShares MBS ETF in the first quarter valued at about $26,000. Versant Capital Management Inc acquired a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $32,000. CENTRAL TRUST Co increased its holdings in shares of iShares MBS ETF by 64.6% during the first quarter. CENTRAL TRUST Co now owns 456 shares of the company’s stock worth $42,000 after purchasing an additional 179 shares during the period. PSI Advisors LLC raised its position in shares of iShares MBS ETF by 2,289.5% in the second quarter. PSI Advisors LLC now owns 454 shares of the company’s stock valued at $42,000 after buying an additional 435 shares in the last quarter. Finally, Able Wealth Management LLC bought a new stake in shares of iShares MBS ETF in the fourth quarter valued at approximately $43,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.5 %

MBB stock traded up $0.47 during midday trading on Friday, reaching $95.55. The company had a trading volume of 1,552,979 shares, compared to its average volume of 2,295,028. iShares MBS ETF has a 1-year low of $85.28 and a 1-year high of $95.85. The stock has a 50 day moving average price of $93.30 and a 200-day moving average price of $92.04.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a dividend of $0.3086 per share. The ex-dividend date of this dividend was Thursday, August 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.70 annualized dividend and a yield of 3.88%.

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).