Flagship Harbor Advisors LLC Increases Stake in iShares MBS ETF (NASDAQ:MBB)

Posted by on Mar 23rd, 2023

Flagship Harbor Advisors LLC boosted its position in iShares MBS ETF (NASDAQ:MBB – Get Rating) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,657 shares of the company’s stock after acquiring an additional 2,179 shares during the period. Flagship Harbor Advisors LLC’s holdings in iShares MBS ETF were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fairfield Bush & CO. bought a new stake in iShares MBS ETF during the 1st quarter valued at $33,000. Synovus Financial Corp increased its holdings in shares of iShares MBS ETF by 3.8% in the first quarter. Synovus Financial Corp now owns 14,266 shares of the company’s stock worth $1,453,000 after purchasing an additional 519 shares during the period. Mackay Shields LLC increased its stake in iShares MBS ETF by 80.0% in the 1st 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 last quarter. Moors & Cabot Inc. raised its stake in iShares MBS ETF by 9.0% in the first quarter. Moors & Cabot Inc. now owns 8,130 shares of the company’s stock valued at $828,000 after purchasing an additional 671 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of iShares MBS ETF by 15.8% during the 1st quarter. Baird Financial Group Inc. now owns 107,020 shares of the company’s stock valued at $10,902,000 after buying an additional 14,625 shares in the last quarter. 77.56% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $95.38 on Thursday. iShares MBS ETF has a twelve month low of $88.00 and a twelve month high of $102.21. The firm has a fifty day simple moving average of $94.40 and a two-hundred day simple moving average of $93.35.

iShares MBS ETF Increases Dividend

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

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).

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Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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