Baird Financial Group Inc. Buys 25,082 Shares of iShares MBS ETF $MBB

Baird Financial Group Inc. increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 9.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,875 shares of the company’s stock after purchasing an additional 25,082 shares during the quarter. Baird Financial Group Inc. owned approximately 0.07% of iShares MBS ETF worth $26,559,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FSC Wealth Advisors LLC increased its holdings in shares of iShares MBS ETF by 1.3% during the second quarter. FSC Wealth Advisors LLC now owns 8,560 shares of the company’s stock worth $804,000 after buying an additional 108 shares in the last quarter. Creekmur Asset Management LLC grew its position in iShares MBS ETF by 21.5% during the 2nd quarter. Creekmur Asset Management LLC now owns 621 shares of the company’s stock worth $58,000 after acquiring an additional 110 shares during the last quarter. International Private Wealth Advisors LLC increased its holdings in iShares MBS ETF by 2.8% in the 2nd quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock worth $387,000 after purchasing an additional 114 shares in the last quarter. Midwest Heritage Bank FSB increased its holdings in iShares MBS ETF by 4.0% in the 2nd quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock worth $280,000 after purchasing an additional 116 shares in the last quarter. Finally, Paces Ferry Wealth Advisors LLC raised its position in iShares MBS ETF by 5.4% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock valued at $216,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $95.14 on Friday. The business’s 50-day moving average price is $95.45 and its 200-day moving average price is $94.15. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.25.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were given a dividend of $0.3469 per share. The ex-dividend date was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.4%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.34.

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).