Concurrent Investment Advisors LLC Increases Stock Position in iShares MBS ETF $MBB

Concurrent Investment Advisors LLC lifted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 30.2% in the second quarter, HoldingsChannel reports. The firm owned 105,404 shares of the company’s stock after acquiring an additional 24,444 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares MBS ETF were worth $9,963,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC acquired a new stake in iShares MBS ETF during the 4th quarter valued at $273,000. AQR Capital Management LLC raised its holdings in shares of iShares MBS ETF by 11.4% in the first quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock worth $950,000 after acquiring an additional 1,034 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares MBS ETF by 13.0% in the first quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock valued at $35,521,000 after acquiring an additional 43,527 shares in the last quarter. Invesco Ltd. lifted its position in shares of iShares MBS ETF by 2.5% in the second quarter. Invesco Ltd. now owns 11,446 shares of the company’s stock valued at $1,075,000 after acquiring an additional 279 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of iShares MBS ETF in the second quarter valued at $240,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.1%

MBB opened at $92.71 on Friday. The business’s fifty day simple moving average is $93.41 and its 200 day simple moving average is $94.38. iShares MBS ETF has a 52 week low of $92.28 and a 52 week high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.3388 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).