Westwood Holdings Group Inc. Has $831,000 Stock Position in iShares MBS ETF (NASDAQ:MBB)

Westwood Holdings Group Inc. increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 38.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,995 shares of the company’s stock after buying an additional 2,475 shares during the period. Westwood Holdings Group Inc.’s holdings in iShares MBS ETF were worth $831,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Objective Capital Management LLC acquired a new position in iShares MBS ETF during the 1st quarter worth about $226,000. Peninsula Wealth LLC lifted its position in iShares MBS ETF by 12.4% during the 1st quarter. Peninsula Wealth LLC now owns 19,209 shares of the company’s stock worth $1,775,000 after buying an additional 2,113 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in iShares MBS ETF by 1.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 408,632 shares of the company’s stock worth $37,766,000 after buying an additional 6,017 shares in the last quarter. Cetera Advisors LLC lifted its position in iShares MBS ETF by 15.0% during the 1st quarter. Cetera Advisors LLC now owns 430,677 shares of the company’s stock worth $39,803,000 after buying an additional 56,092 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in iShares MBS ETF by 103.0% during the 1st quarter. Cetera Investment Advisers now owns 1,495,419 shares of the company’s stock worth $138,207,000 after purchasing an additional 758,693 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ:MBB traded up $1.20 on Friday, hitting $95.22. 1,607,461 shares of the stock were exchanged, compared to its average volume of 2,335,353. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.27. The company’s 50-day moving average price is $92.29 and its 200 day moving average price is $91.84.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.3086 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.70 annualized dividend and a yield of 3.89%. The ex-dividend date is Thursday, August 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).