iShares MBS ETF (NASDAQ:MBB) Shares Purchased by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 73,337 shares of the company’s stock after acquiring an additional 1,803 shares during the quarter. iShares MBS ETF comprises approximately 3.1% of AAFMAA Wealth Management & Trust LLC’s investment portfolio, making the stock its 4th largest holding. AAFMAA Wealth Management & Trust LLC’s holdings in iShares MBS ETF were worth $6,878,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MBB. Snider Financial Group raised its position in iShares MBS ETF by 6.2% in the 1st quarter. Snider Financial Group now owns 74,027 shares of the company’s stock valued at $6,942,000 after purchasing an additional 4,351 shares in the last quarter. Hudson Capital Management LLC grew its position in shares of iShares MBS ETF by 0.5% during the first quarter. Hudson Capital Management LLC now owns 103,920 shares of the company’s stock worth $9,746,000 after buying an additional 543 shares in the last quarter. Curat Global LLC purchased a new stake in shares of iShares MBS ETF during the first quarter worth approximately $30,000. West Coast Financial LLC raised its holdings in iShares MBS ETF by 6.6% in the first quarter. West Coast Financial LLC now owns 330,498 shares of the company’s stock valued at $30,994,000 after acquiring an additional 20,523 shares in the last quarter. Finally, Fermata Advisors LLC raised its holdings in iShares MBS ETF by 94.8% in the first quarter. Fermata Advisors LLC now owns 25,343 shares of the company’s stock valued at $2,377,000 after acquiring an additional 12,334 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.5%

Shares of iShares MBS ETF stock opened at $91.75 on Friday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The company has a 50 day moving average of $92.53 and a 200 day moving average of $92.52.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a $0.3251 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.25%.

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).