Crewe Advisors LLC Raises Position in iShares MBS ETF (NASDAQ:MBB)

Crewe Advisors LLC raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 62.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,426 shares of the company’s stock after acquiring an additional 550 shares during the quarter. Crewe Advisors LLC’s holdings in iShares MBS ETF were worth $132,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Manhattan West Asset Management LLC boosted its position in iShares MBS ETF by 14.3% in the 4th quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock valued at $4,490,000 after buying an additional 5,976 shares during the period. CAP Partners LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth $1,082,000. Hilltop Holdings Inc. lifted its position in shares of iShares MBS ETF by 0.3% during the 4th quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock worth $11,830,000 after purchasing an additional 343 shares during the last quarter. US Financial Advisors LLC lifted its position in shares of iShares MBS ETF by 7.2% during the 4th quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock worth $2,133,000 after purchasing an additional 1,518 shares during the last quarter. Finally, Cim LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth $8,446,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock traded up $0.17 during trading on Thursday, hitting $92.73. 2,297,962 shares of the stock were exchanged, compared to its average volume of 2,380,350. The firm’s 50-day moving average price is $91.97 and its 200 day moving average price is $91.84. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $94.55.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a dividend of $0.3053 per share. The ex-dividend date was Monday, July 1st. This represents a $3.66 annualized dividend and a dividend yield of 3.95%.

iShares MBS ETF Company 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).