Pinnacle Bancorp Inc. Purchases 1,608 Shares of iShares MBS ETF (NASDAQ:MBB)

Pinnacle Bancorp Inc. grew its position in shares of iShares MBS ETF (NASDAQ:MBB) by 38.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 5,776 shares of the company’s stock after acquiring an additional 1,608 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares MBS ETF were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MBB. Register Financial Advisors LLC lifted its position in iShares MBS ETF by 584.6% in the fourth quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock worth $25,000 after buying an additional 228 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in iShares MBS ETF in the fourth quarter worth $28,000. Kozak & Associates Inc. bought a new stake in iShares MBS ETF in the fourth quarter worth $31,000. Versant Capital Management Inc bought a new stake in iShares MBS ETF in the first quarter worth $32,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of iShares MBS ETF during the fourth quarter worth $34,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Down 0.5 %

Shares of NASDAQ:MBB traded down $0.48 on Friday, hitting $91.81. 2,024,831 shares of the company’s stock were exchanged, compared to its average volume of 2,436,675. iShares MBS ETF has a 12 month low of $85.28 and a 12 month high of $94.55. The business’s 50 day simple moving average is $91.24 and its two-hundred day simple moving average is $91.98.

iShares MBS ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a dividend of $0.3002 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $3.60 annualized dividend and a dividend yield of 3.92%.

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).