Daviman Financial LLC Purchases New Position in iShares MBS ETF $MBB

Daviman Financial LLC purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 46,182 shares of the company’s stock, valued at approximately $4,397,000. iShares MBS ETF comprises about 2.6% of Daviman Financial LLC’s holdings, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howe & Rusling Inc. lifted its position in iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in iShares MBS ETF in the third quarter valued at $33,000. Aventura Private Wealth LLC purchased a new stake in iShares MBS ETF in the fourth quarter valued at $35,000. Wealth Watch Advisors INC purchased a new stake in iShares MBS ETF in the third quarter valued at $35,000. Finally, Dunhill Financial LLC increased its stake in iShares MBS ETF by 3,554.5% in the fourth quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock valued at $38,000 after purchasing an additional 391 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $94.08 on Friday. iShares MBS ETF has a one year low of $91.56 and a one year high of $96.96. The firm’s fifty day moving average is $94.71 and its two-hundred day moving average is $95.26.

iShares MBS ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.3346 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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).