W.H. Cornerstone Investments Inc. Purchases 4,553 Shares of iShares MBS ETF (NASDAQ:MBB)

W.H. Cornerstone Investments Inc. raised its stake in iShares MBS ETF (NASDAQ:MBB) by 39.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,088 shares of the company’s stock after acquiring an additional 4,553 shares during the quarter. iShares MBS ETF comprises approximately 1.3% of W.H. Cornerstone Investments Inc.’s investment portfolio, making the stock its 16th biggest holding. W.H. Cornerstone Investments Inc.’s holdings in iShares MBS ETF were worth $1,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ambassador Advisors LLC increased its position in iShares MBS ETF by 332.8% in the 1st quarter. Ambassador Advisors LLC now owns 277 shares of the company’s stock valued at $26,000 after acquiring an additional 213 shares in the last quarter. Fairfield Bush & CO. acquired a new stake in shares of iShares MBS ETF during the 1st quarter worth approximately $33,000. Thompson Investment Management Inc. acquired a new stake in shares of iShares MBS ETF during the 1st quarter worth approximately $37,000. Fortis Capital Advisors LLC acquired a new stake in shares of iShares MBS ETF during the 4th quarter worth approximately $41,000. Finally, PrairieView Partners LLC acquired a new stake in shares of iShares MBS ETF during the 1st quarter worth approximately $46,000. Institutional investors and hedge funds own 92.51% of the company’s stock.

iShares MBS ETF Trading Up 0.1 %

Shares of NASDAQ:MBB opened at $90.75 on Tuesday. iShares MBS ETF has a one year low of $88.00 and a one year high of $96.78. The company has a 50 day moving average of $91.71 and a 200-day moving average of $93.15.

iShares MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.264 per share. This represents a $3.17 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Friday, September 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).