Fortis Capital Advisors LLC Makes New $680,000 Investment in iShares MBS ETF $MBB

Fortis Capital Advisors LLC bought a new position in iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, HoldingsChannel reports. The fund bought 7,147 shares of the company’s stock, valued at approximately $680,000.

Other hedge funds also recently bought and sold shares of the company. TIAA Trust National Association raised its position in iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after purchasing an additional 18,631,536 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of iShares MBS ETF by 2.9% during the second quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after acquiring an additional 1,796,449 shares in the last quarter. Prudential Financial Inc. lifted its stake in iShares MBS ETF by 10,569.3% in the second quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock worth $137,429,000 after acquiring an additional 1,450,000 shares during the period. Annex Advisory Services LLC bought a new stake in iShares MBS ETF in the third quarter valued at $81,869,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares MBS ETF by 82.0% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,373,804 shares of the company’s stock valued at $128,986,000 after acquiring an additional 619,114 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $95.74 on Wednesday. The firm has a fifty day simple moving average of $95.39 and a two-hundred day simple moving average of $94.87. iShares MBS ETF has a 12 month low of $90.84 and a 12 month high of $96.25.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was 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).