59,347 Shares of iShares MBS ETF $MBB Bought by McNaughton Wealth Management LLC

McNaughton Wealth Management LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 59,347 shares of the company’s stock, valued at approximately $5,319,000. iShares MBS ETF comprises 1.9% of McNaughton Wealth Management LLC’s portfolio, making the stock its 14th largest position.

Other institutional investors have also made changes to their positions in the company. Market Street Wealth Management Advisors LLC increased its holdings in iShares MBS ETF by 7,313.0% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 220,982 shares of the company’s stock valued at $19,804,000 after purchasing an additional 218,001 shares during the last quarter. Monument Capital Management raised its position in iShares MBS ETF by 8.1% in the third quarter. Monument Capital Management now owns 56,820 shares of the company’s stock valued at $5,092,000 after purchasing an additional 4,240 shares during the period. Acropolis Investment Management LLC acquired a new position in iShares MBS ETF during the third quarter worth $989,000. Galvin Gaustad & Stein LLC acquired a new position in iShares MBS ETF during the third quarter worth $17,144,000. Finally, Invariant Investment Management purchased a new position in shares of iShares MBS ETF during the third quarter worth $1,829,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

MBB opened at $89.73 on Friday. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96. The business has a fifty day simple moving average of $91.94 and a 200-day simple moving average of $93.49.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.3662 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.39 annualized dividend and a yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).