MeadowBrook Investment Advisors LLC Increases Holdings in iShares MBS ETF (NASDAQ:MBB)

MeadowBrook Investment Advisors LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 413.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 380 shares of the company’s stock after purchasing an additional 306 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in iShares MBS ETF were worth $36,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF during the third quarter valued at approximately $30,000. Chris Bulman Inc bought a new position in iShares MBS ETF in the second quarter worth about $31,000. Godsey & Gibb Inc. bought a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $33,000. Rothschild Investment LLC purchased a new position in iShares MBS ETF during the second quarter valued at $33,000. Finally, PSI Advisors LLC boosted its stake in iShares MBS ETF by 2,289.5% during the second quarter. PSI Advisors LLC now owns 454 shares of the company’s stock worth $42,000 after acquiring an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of iShares MBS ETF stock traded up $0.11 during midday trading on Thursday, hitting $92.50. The company had a trading volume of 180,080 shares, compared to its average volume of 2,325,167. iShares MBS ETF has a 52-week low of $89.11 and a 52-week high of $96.76. The company has a 50 day moving average of $94.55 and a 200 day moving average of $93.32.

iShares MBS ETF Cuts Dividend

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

About iShares MBS ETF

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).