Connecticut Wealth Management LLC Makes New $327,000 Investment in iShares MBS ETF (NASDAQ:MBB)

Connecticut Wealth Management LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,475 shares of the company’s stock, valued at approximately $327,000.

A number of other large investors have also recently bought and sold shares of the company. Register Financial Advisors LLC raised its stake in shares of iShares MBS ETF by 584.6% during the 4th quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares in the last quarter. BluePath Capital Management LLC bought a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $26,000. LFA Lugano Financial Advisors SA bought a new stake in iShares MBS ETF in the 4th quarter valued at $28,000. Kozak & Associates Inc. bought a new stake in iShares MBS ETF in the 4th quarter valued at $31,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth $34,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.1 %

Shares of MBB traded up $0.08 during midday trading on Monday, reaching $90.75. 1,190,518 shares of the stock were exchanged, compared to its average volume of 2,639,425. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.40. The stock’s 50 day simple moving average is $91.27 and its 200 day simple moving average is $91.33.

iShares MBS ETF Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd will be issued a dividend of $0.2823 per share. This represents a $3.39 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Wednesday, May 1st.

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).