Essential Planning LLC. Grows Position in iShares MBS ETF (NASDAQ:MBB)

Essential Planning LLC. increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 6,413.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,311,529 shares of the company’s stock after buying an additional 3,260,687 shares during the quarter. iShares MBS ETF accounts for about 2.0% of Essential Planning LLC.’s holdings, making the stock its 12th biggest position. Essential Planning LLC.’s holdings in iShares MBS ETF were worth $308,457,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC lifted its position in iShares MBS ETF by 115.5% during the 3rd 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 period. MeadowBrook Investment Advisors LLC lifted its holdings in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the period. Truvestments Capital LLC acquired a new stake in shares of iShares MBS ETF in the 4th quarter valued at approximately $36,000. Key Financial Inc lifted its holdings in shares of iShares MBS ETF by 4,220.0% in the 4th 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 period. Finally, Activest Wealth Management acquired a new stake in shares of iShares MBS ETF in the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $93.27 on Wednesday. The business has a 50 day simple moving average of $92.20 and a 200-day simple moving average of $93.30. 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 firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a $0.3204 dividend. 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).