West Coast Financial LLC Has $28.42 Million Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

West Coast Financial LLC boosted its position in iShares MBS ETF (NASDAQ:MBB) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 309,975 shares of the company’s stock after purchasing an additional 23,752 shares during the quarter. iShares MBS ETF comprises 3.1% of West Coast Financial LLC’s holdings, making the stock its 6th biggest position. West Coast Financial LLC’s holdings in iShares MBS ETF were worth $28,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hobbs Group Advisors LLC raised its holdings in shares of iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC bought a new stake in iShares MBS ETF during the 3rd quarter valued at $30,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF during the 3rd quarter worth $33,000. MeadowBrook Investment Advisors LLC grew 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 worth $36,000 after purchasing an additional 306 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after purchasing an additional 333 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $91.41 on Thursday. The firm’s 50-day simple moving average is $92.30 and its 200 day simple moving average is $93.60. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a $0.2944 dividend. 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).