Eagle Ridge Investment Management Buys 2,638 Shares of iShares MBS ETF (NASDAQ:MBB)

Eagle Ridge Investment Management increased its stake in iShares MBS ETF (NASDAQ:MBB) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 198,442 shares of the company’s stock after purchasing an additional 2,638 shares during the quarter. iShares MBS ETF makes up approximately 1.7% of Eagle Ridge Investment Management’s portfolio, making the stock its 20th biggest holding. Eagle Ridge Investment Management’s holdings in iShares MBS ETF were worth $18,340,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MBB. Register Financial Advisors LLC increased its stake in shares of 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 purchasing an additional 228 shares in the last quarter. Financial Management Professionals Inc. purchased a new position in iShares MBS ETF in the 1st quarter valued at approximately $26,000. LFA Lugano Financial Advisors SA bought a new stake in iShares MBS ETF during the 4th quarter valued at $28,000. Kozak & Associates Inc. purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth $31,000. Finally, Versant Capital Management Inc bought a new position in shares of iShares MBS ETF in the first quarter worth $32,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB traded up $0.28 during trading on Tuesday, reaching $91.13. 1,569,331 shares of the company were exchanged, compared to its average volume of 2,445,300. The company’s 50-day moving average is $91.27 and its two-hundred day moving average is $91.96. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $94.55.

iShares MBS ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be given a dividend of $0.3053 per share. This represents a $3.66 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, July 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).