iShares MBS ETF $MBB Shares Bought by Sovran Advisors LLC

Sovran Advisors LLC raised its stake in iShares MBS ETF (NASDAQ:MBB) by 47.6% during the first quarter, Holdings Channel reports. The firm owned 65,238 shares of the company’s stock after purchasing an additional 21,046 shares during the period. Sovran Advisors LLC’s holdings in iShares MBS ETF were worth $6,183,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MBB. Global Financial Private Client LLC increased its holdings in shares of iShares MBS ETF by 3.8% during the 1st quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock worth $279,000 after buying an additional 108 shares during the last quarter. RFG Advisory LLC boosted its holdings in iShares MBS ETF by 3.0% in the fourth quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock valued at $380,000 after acquiring an additional 116 shares during the last quarter. Alteri Wealth LLC boosted its holdings in iShares MBS ETF by 0.6% in the fourth quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock valued at $1,758,000 after acquiring an additional 118 shares during the last quarter. Tompkins Financial Corp grew its position in iShares MBS ETF by 15.1% during the fourth quarter. Tompkins Financial Corp now owns 915 shares of the company’s stock valued at $87,000 after acquiring an additional 120 shares during the period. Finally, Merkkuri Wealth Advisors LLC grew its position in iShares MBS ETF by 1.2% during the first quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock valued at $944,000 after acquiring an additional 120 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 traded down $0.10 on Friday, hitting $93.72. 1,694,893 shares of the stock were exchanged, compared to its average volume of 2,569,762. The stock has a fifty day moving average of $94.26 and a 200-day moving average of $95.02. iShares MBS ETF has a fifty-two week low of $92.40 and a fifty-two week high of $96.96.

iShares MBS ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.3373 per share. The ex-dividend date was Wednesday, July 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).