iShares MBS ETF (NASDAQ:MBB) Raises Dividend to $0.37 Per Share

iShares MBS ETF (NASDAQ:MBB) announced a monthly dividend on Wednesday, September 30th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.3662 per share on Tuesday, October 6th. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, October 1st. This is a 8.1% increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

iShares MBS ETF Trading Up 0.1%

iShares MBS ETF stock opened at $89.62 on Thursday. iShares MBS ETF has a 12-month low of $89.14 and a 12-month high of $96.96. The firm’s fifty day moving average is $92.41 and its 200 day moving average is $93.73.

Hedge Funds Weigh In On iShares MBS ETF

Several institutional investors have recently made changes to their positions in the stock. Shelter Ins Retirement Plan acquired a new stake in shares of iShares MBS ETF in the 2nd quarter valued at about $12,335,042,000. Envestnet Asset Management Inc. raised its stake in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the period. LPL Financial LLC raised its stake in iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after buying an additional 1,104,895 shares during the period. TIAA Trust National Association boosted its holdings in iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after acquiring an additional 646,390 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in iShares MBS ETF by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after acquiring an additional 106,144 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

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).