Hilton Capital Management LLC Invests $88.59 Million in iShares MBS ETF (NASDAQ:MBB)

Hilton Capital Management LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 924,599 shares of the company’s stock, valued at approximately $88,586,000. iShares MBS ETF comprises 6.9% of Hilton Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position.

A number of other large investors also recently made changes to their positions in MBB. Blair William & Co. IL boosted its holdings in iShares MBS ETF by 147.0% in the 1st quarter. Blair William & Co. IL now owns 6,699 shares of the company’s stock valued at $619,000 after purchasing an additional 3,987 shares during the period. Crewe Advisors LLC raised its holdings in iShares MBS ETF by 62.8% in the 1st quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after acquiring an additional 550 shares in the last quarter. Wellington Wealth Strategies LLC. bought a new stake in shares of iShares MBS ETF during the 1st quarter valued at $418,000. EP Wealth Advisors LLC grew its holdings in shares of iShares MBS ETF by 7.6% during the 1st quarter. EP Wealth Advisors LLC now owns 5,930 shares of the company’s stock worth $548,000 after purchasing an additional 421 shares in the last quarter. Finally, JT Stratford LLC increased its position in shares of iShares MBS ETF by 8.4% in the first quarter. JT Stratford LLC now owns 6,264 shares of the company’s stock worth $579,000 after purchasing an additional 486 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.2 %

Shares of iShares MBS ETF stock opened at $92.37 on Wednesday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The firm’s 50-day moving average price is $94.24 and its two-hundred day moving average price is $93.41.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.3099 per share. The ex-dividend date was Friday, November 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).