Tidemark LLC Invests $240,000 in iShares MBS ETF (NASDAQ:MBB)

Tidemark LLC acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,549 shares of the company’s stock, valued at approximately $240,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Concourse Financial Group Securities Inc. boosted its holdings in iShares MBS ETF by 0.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 230,905 shares of the company’s stock worth $20,504,000 after acquiring an additional 1,307 shares in the last quarter. Simplex Trading LLC purchased a new stake in iShares MBS ETF during the 3rd quarter worth approximately $108,000. Principal Financial Group Inc. increased its stake in iShares MBS ETF by 23.5% during the 3rd quarter. Principal Financial Group Inc. now owns 6,202 shares of the company’s stock valued at $551,000 after purchasing an additional 1,182 shares in the last quarter. Main Street Financial Solutions LLC raised its holdings in shares of iShares MBS ETF by 27.9% in the third quarter. Main Street Financial Solutions LLC now owns 6,185 shares of the company’s stock worth $549,000 after buying an additional 1,351 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of iShares MBS ETF by 22.1% during the third quarter. US Bancorp DE now owns 1,489,886 shares of the company’s stock worth $131,334,000 after buying an additional 269,477 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB traded down $0.21 during trading hours on Wednesday, reaching $91.26. 1,681,599 shares of the company traded hands, compared to its average volume of 2,601,357. The business has a fifty day moving average price of $91.03 and a 200-day moving average price of $91.70. 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 company also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd were paid a dividend of $0.2823 per share. The ex-dividend date was Wednesday, May 1st. This represents a $3.39 annualized dividend and a yield of 3.71%.

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).