Novem Group Purchases New Position in iShares MBS ETF (NASDAQ:MBB)

Novem Group purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,979 shares of the company’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Castleark Management LLC bought a new stake in iShares MBS ETF in the 4th quarter worth approximately $18,052,000. Elequin Capital LP purchased a new position in iShares MBS ETF during the 4th quarter valued at approximately $179,000. Focus Partners Advisor Solutions LLC increased its position in iShares MBS ETF by 13.1% in 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 during the last quarter. First Heartland Consultants Inc. raised its position in shares of iShares MBS ETF by 17.1% during the 4th 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 in the last quarter. Finally, Continuum Advisory LLC raised its position in shares of iShares MBS ETF by 5.6% during the 4th quarter. Continuum Advisory LLC now owns 3,522 shares of the company’s stock valued at $323,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.3%

Shares of NASDAQ:MBB opened at $91.82 on Friday. iShares MBS ETF has a 12 month low of $90.03 and a 12 month high of $96.76. The firm’s 50-day moving average is $92.78 and its 200 day moving average is $92.55.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were paid a $0.3255 dividend. 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 4.25%. The ex-dividend date of this dividend was Thursday, May 1st.

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).