Archer Investment Management LLC Purchases Shares of 14,434 iShares MBS ETF $MBB

Archer Investment Management LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,434 shares of the company’s stock, valued at approximately $1,374,000.

Other large investors have also made changes to their positions in the company. Delos Wealth Advisors LLC acquired a new stake in iShares MBS ETF during the 2nd quarter worth approximately $26,000. Howe & Rusling Inc. increased its position in shares of iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after acquiring an additional 184 shares in the last quarter. Westfuller Advisors LLC purchased a new position in shares of iShares MBS ETF in the 3rd quarter valued at $33,000. Aventura Private Wealth LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter valued at $35,000. Finally, Wealth Watch Advisors INC purchased a new stake in iShares MBS ETF during the 3rd quarter worth $35,000. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $94.23 on Wednesday. The business’s 50-day moving average is $95.68 and its two-hundred day moving average is $95.48. iShares MBS ETF has a 12 month low of $90.84 and a 12 month high of $96.96.

iShares MBS ETF Cuts Dividend

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

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).