Concurrent Investment Advisors LLC Boosts Stock Position in iShares MBS ETF $MBB

Concurrent Investment Advisors LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 75.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,810 shares of the company’s stock after buying an additional 25,717 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares MBS ETF were worth $5,695,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Howe & Rusling Inc. raised its position in shares of iShares MBS ETF by 184.0% in the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Westfuller Advisors LLC bought a new position in iShares MBS ETF in the 3rd quarter worth about $33,000. Aventura Private Wealth LLC purchased a new stake in iShares MBS ETF during the 4th quarter valued at about $35,000. Wealth Watch Advisors INC purchased a new stake in iShares MBS ETF during the 3rd quarter valued at about $35,000. Finally, Toth Financial Advisory Corp bought a new stake in iShares MBS ETF during the 4th quarter valued at about $41,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.23 on Monday. iShares MBS ETF has a 52-week low of $91.19 and a 52-week high of $96.96. The company has a 50-day simple moving average of $95.38 and a two-hundred day simple moving average of $95.44.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Investors of record on Wednesday, April 1st were given a dividend of $0.3329 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, April 1st.

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).