Archer Investment Corp Sells 153 Shares of iShares MBS ETF (NASDAQ:MBB)

Archer Investment Corp lessened its position in iShares MBS ETF (NASDAQ:MBBFree Report) by 8.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,736 shares of the company’s stock after selling 153 shares during the period. Archer Investment Corp’s holdings in iShares MBS ETF were worth $163,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Buttonwood Financial Group LLC lifted its position in shares of iShares MBS ETF by 0.9% in the 4th quarter. Buttonwood Financial Group LLC now owns 30,211 shares of the company’s stock worth $2,842,000 after purchasing an additional 269 shares during the period. Delphi Financial Group Inc. grew its stake in shares of iShares MBS ETF by 23.5% in the fourth quarter. Delphi Financial Group Inc. now owns 20,500 shares of the company’s stock worth $1,929,000 after acquiring an additional 3,900 shares during the period. Advocacy Wealth Management Services LLC bought a new stake in shares of iShares MBS ETF in the fourth quarter worth approximately $13,157,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of iShares MBS ETF by 7.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 499,054 shares of the company’s stock worth $44,355,000 after acquiring an additional 36,319 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of iShares MBS ETF by 638.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 100,683 shares of the company’s stock worth $8,941,000 after acquiring an additional 87,044 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.7 %

Shares of MBB stock opened at $90.01 on Thursday. The company has a 50 day moving average price of $91.72 and a 200-day moving average price of $91.11. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.70.

iShares MBS ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.2827 dividend. This represents a $3.39 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Monday, April 1st.

About iShares MBS ETF

(Free Report)

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).

Further Reading

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Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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