Independent Advisor Alliance Makes New Investment in iShares MBS ETF (NASDAQ:MBB)

Independent Advisor Alliance acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 151,619 shares of the company’s stock, valued at approximately $13,900,000.

Other hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC raised its stake in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its stake in shares of iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares in the last quarter. Key Financial Inc raised its holdings in shares of iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares during the last quarter. Activest Wealth Management bought a new position in shares of iShares MBS ETF in the fourth quarter valued at about $58,000. Finally, CENTRAL TRUST Co raised its holdings in shares of iShares MBS ETF by 41.4% in the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.1 %

iShares MBS ETF stock opened at $93.13 on Monday. The stock has a 50-day simple moving average of $92.13 and a 200 day simple moving average of $93.33. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).