Archford Capital Strategies LLC Makes New Investment in iShares MBS ETF $MBB

Archford Capital Strategies LLC acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 58,857 shares of the company’s stock, valued at approximately $5,600,000.

Other hedge funds have also made changes to their positions in the company. TIAA Trust National Association raised its holdings in iShares MBS ETF by 349.3% in the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after acquiring an additional 18,631,536 shares in the last quarter. Bank of America Corp DE raised its stake in shares of iShares MBS ETF by 2.9% in the second quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after purchasing an additional 1,796,449 shares in the last quarter. Prudential Financial Inc. lifted its position in iShares MBS ETF by 10,569.3% in the second quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock worth $137,429,000 after purchasing an additional 1,450,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in iShares MBS ETF during the first quarter worth $98,713,000. Finally, Jane Street Group LLC boosted its stake in iShares MBS ETF by 2,142.6% during the first quarter. Jane Street Group LLC now owns 949,675 shares of the company’s stock worth $89,061,000 after buying an additional 907,328 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $95.36 on Monday. The firm has a fifty day moving average of $95.42 and a 200-day moving average of $94.51. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.25.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.334 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

iShares MBS ETF 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). 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).