Elequin Capital LP Purchases New Position in iShares MBS ETF (NASDAQ:MBB)

Elequin Capital LP bought a new position in iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, Holdings Channel reports. The firm bought 1,954 shares of the company’s stock, valued at approximately $179,000.

Several other hedge funds have also made changes to their positions in the company. Focus Partners Advisor Solutions LLC increased its position in shares of iShares MBS ETF by 13.1% during the fourth quarter. Focus Partners Advisor Solutions LLC now owns 13,089 shares of the company’s stock worth $1,200,000 after purchasing an additional 1,520 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in shares of iShares MBS ETF by 17.1% during the fourth quarter. First Heartland Consultants Inc. now owns 15,339 shares of the company’s stock valued at $1,406,000 after buying an additional 2,237 shares during the last quarter. Continuum Advisory LLC lifted its position in iShares MBS ETF by 5.6% during the 4th quarter. Continuum Advisory LLC now owns 3,522 shares of the company’s stock worth $323,000 after acquiring an additional 188 shares during the period. Talisman Wealth Advisors LLC purchased a new stake in iShares MBS ETF during the 4th quarter valued at about $271,000. Finally, Waverly Advisors LLC increased its holdings in shares of iShares MBS ETF by 30.9% in the fourth quarter. Waverly Advisors LLC now owns 2,818 shares of the company’s stock valued at $258,000 after purchasing an additional 666 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.3%

Shares of MBB opened at $92.05 on Wednesday. The business’s 50-day moving average is $92.88 and its two-hundred day moving average is $92.57. iShares MBS ETF has a fifty-two week low of $90.03 and a fifty-two week high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were issued a $0.3255 dividend. The ex-dividend date of this dividend was Thursday, May 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.91 dividend on an annualized basis and a yield of 4.24%.

iShares MBS ETF 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).