Polaris Investment Advisors LLC Takes $1.83 Million Position in iShares MBS ETF $MBB

Polaris Investment Advisors LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, Holdings Channel reports. The firm bought 19,171 shares of the company’s stock, valued at approximately $1,825,000. iShares MBS ETF makes up approximately 1.3% of Polaris Investment Advisors LLC’s portfolio, making the stock its 19th largest holding.

A number of other institutional investors have also added to or reduced their stakes in MBB. Delos Wealth Advisors LLC acquired a new stake in iShares MBS ETF in the second quarter valued at $26,000. Howe & Rusling Inc. grew its position in shares of iShares MBS ETF by 184.0% in the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 184 shares during the period. Westfuller Advisors LLC acquired a new position in shares of iShares MBS ETF during the 3rd quarter worth about $33,000. Aventura Private Wealth LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter worth about $35,000. Finally, Wealth Watch Advisors INC bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at about $35,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.6%

Shares of NASDAQ:MBB opened at $94.72 on Tuesday. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.96. The company has a 50-day simple moving average of $95.58 and a 200 day simple moving average of $95.45.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.3278 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.2%.

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).