Cooper Financial Group Boosts Holdings in iShares MBS ETF (NASDAQ:MBB)

Cooper Financial Group raised its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 44.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,954 shares of the company’s stock after purchasing an additional 4,317 shares during the period. Cooper Financial Group’s holdings in iShares MBS ETF were worth $1,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC boosted its position in shares of iShares MBS ETF by 115.5% in 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 during the last quarter. St. Johns Investment Management Company LLC acquired a new position in iShares MBS ETF during the third quarter valued at approximately $30,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF during the third quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC raised its stake in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of iShares MBS ETF by 254.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after purchasing an additional 333 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.1 %

Shares of NASDAQ:MBB traded down $0.07 during midday trading on Monday, reaching $90.45. The company had a trading volume of 1,872,326 shares, compared to its average volume of 2,173,115. The stock’s fifty day moving average price is $92.40 and its 200-day moving average price is $93.62. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).