Westover Capital Advisors LLC Acquires New Stake in iShares MBS ETF $MBB

Westover Capital Advisors LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 120,866 shares of the company’s stock, valued at approximately $10,832,000. iShares MBS ETF makes up approximately 1.8% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding.

Several other large investors have also recently bought and sold shares of the company. Shelter Ins Retirement Plan acquired a new stake in shares of iShares MBS ETF in the 2nd quarter valued at $12,335,042,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after acquiring an additional 2,006,656 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after acquiring an additional 106,144 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after acquiring an additional 201,354 shares during the period. Finally, Sei Investments Co. boosted its holdings in iShares MBS ETF by 5.2% in the first quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after acquiring an additional 108,361 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.3%

iShares MBS ETF stock opened at $91.52 on Tuesday. The business’s 50-day simple moving average is $91.36 and its 200 day simple moving average is $93.88. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. This represents a $4.39 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388.

About iShares MBS ETF

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).