Moneco Advisors LLC Purchases 7,995 Shares of iShares MBS ETF $MBB

Moneco Advisors LLC boosted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 160.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,975 shares of the company’s stock after purchasing an additional 7,995 shares during the quarter. Moneco Advisors LLC’s holdings in iShares MBS ETF were worth $1,163,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Shelter Ins Retirement Plan bought a new position in shares of iShares MBS ETF in the 2nd quarter valued at about $12,335,042,000. Envestnet Asset Management Inc. grew its position in shares of iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after buying an additional 106,144 shares during the last quarter. Midland Wealth Advisors LLC raised its stake in shares of iShares MBS ETF by 26.9% during the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after buying an additional 677,722 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after buying an additional 201,354 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $91.11 on Thursday. The company’s 50 day simple moving average is $90.95 and its 200 day simple moving average is $93.63. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were issued a dividend of $0.3471 per share. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a yield of 4.6%. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).