ARQ Wealth Advisors LLC Buys New Position in iShares MBS ETF $MBB

ARQ Wealth Advisors LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 54,851 shares of the company’s stock, valued at approximately $4,916,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Partners LTD. purchased a new position in iShares MBS ETF in the third quarter worth about $4,281,000. Intrua Financial LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $3,516,000. Americana Partners LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $1,049,000. Modera Wealth Management LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $39,379,000. Finally, International Assets Investment Management LLC grew its holdings in shares of iShares MBS ETF by 161.6% during the third quarter. International Assets Investment Management LLC now owns 11,168 shares of the company’s stock valued at $1,001,000 after buying an additional 6,899 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.4%

MBB stock opened at $92.05 on Friday. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The stock’s 50 day simple moving average is $91.20 and its 200 day simple moving average is $93.79.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued 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 4.8%. This is a positive change 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).