Ferguson Wellman Capital Management Inc. Invests $138.84 Million in iShares MBS ETF $MBB

Ferguson Wellman Capital Management Inc. bought a new position in iShares MBS ETF (NASDAQ:MBB) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,462,193 shares of the company’s stock, valued at approximately $138,835,000. iShares MBS ETF makes up 1.9% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 13th largest holding. Ferguson Wellman Capital Management Inc. owned approximately 0.36% of iShares MBS ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management grew its holdings in iShares MBS ETF by 3.2% during the fourth quarter. Brookstone Capital Management now owns 308,428 shares of the company’s stock worth $29,368,000 after buying an additional 9,547 shares in the last quarter. ASL Financial LLC purchased a new position in iShares MBS ETF during the 4th quarter worth $977,000. Ocean Park Asset Management LLC boosted its holdings in iShares MBS ETF by 1.9% during the 4th quarter. Ocean Park Asset Management LLC now owns 424,335 shares of the company’s stock worth $40,405,000 after acquiring an additional 7,872 shares during the last quarter. Cassilly Financial Group LLC bought a new stake in shares of iShares MBS ETF in the 4th quarter worth $2,538,000. Finally, NorthRock Partners LLC grew its stake in shares of iShares MBS ETF by 2,099.2% in the 3rd quarter. NorthRock Partners LLC now owns 305,205 shares of the company’s stock worth $29,040,000 after acquiring an additional 291,327 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock traded down $0.10 on Friday, hitting $93.72. The stock had a trading volume of 1,694,893 shares, compared to its average volume of 2,569,762. The business has a 50 day moving average of $94.26 and a 200 day moving average of $95.02. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date of this dividend 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).