SouthState Corp Makes New $73,000 Investment in iShares MBS ETF (NASDAQ:MBB)

SouthState Corp bought a new position in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 771 shares of the company’s stock, valued at approximately $73,000.

A number of other large investors also recently modified their holdings of MBB. Raymond James Financial Services Advisors Inc. raised its position in shares of iShares MBS ETF by 12.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 322,357 shares of the company’s stock valued at $28,625,000 after acquiring an additional 36,675 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in iShares MBS ETF by 2.2% in the third quarter. Stratos Wealth Partners LTD. now owns 17,125 shares of the company’s stock valued at $1,521,000 after buying an additional 365 shares during the period. Independent Advisor Alliance bought a new position in iShares MBS ETF during the third quarter worth about $259,000. Bank of New York Mellon Corp grew its position in shares of iShares MBS ETF by 87.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock worth $321,118,000 after buying an additional 1,688,344 shares during the period. Finally, Willis Johnson & Associates Inc. grew its position in shares of iShares MBS ETF by 8.5% during the 3rd quarter. Willis Johnson & Associates Inc. now owns 544,363 shares of the company’s stock worth $48,339,000 after buying an additional 42,634 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB traded up $0.51 during mid-day trading on Friday, reaching $90.67. The stock had a trading volume of 1,554,564 shares, compared to its average volume of 2,657,438. The firm has a 50 day simple moving average of $91.30 and a two-hundred day simple moving average of $91.24. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.70.

iShares MBS ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be paid a $0.2823 dividend. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.39 dividend on an annualized basis and a yield of 3.74%.

About iShares MBS ETF

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).