Confluence Investment Management LLC Has $34.87 Million Holdings in iShares MBS ETF $MBB

Confluence Investment Management LLC increased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 27.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 366,497 shares of the company’s stock after acquiring an additional 78,136 shares during the period. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $34,872,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Delos Wealth Advisors LLC bought a new position in iShares MBS ETF in the second quarter valued at $26,000. LRI Investments LLC acquired a new stake in shares of iShares MBS ETF in the second quarter valued at about $30,000. Tsfg LLC increased its position in shares of iShares MBS ETF by 106.8% in the second quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after acquiring an additional 173 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in iShares MBS ETF during the first quarter worth about $34,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in iShares MBS ETF by 317.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $95.09 on Tuesday. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.25. The business has a 50 day moving average price of $95.45 and a two-hundred day moving average price of $94.42.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be issued a dividend of $0.334 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Friday, December 19th.

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).