SouthState Corp Takes Position in iShares MBS ETF (NASDAQ:MBB)

SouthState Corp acquired a new position in iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, HoldingsChannel reports. The fund acquired 818 shares of the company’s stock, valued at approximately $75,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MBB. Principal Financial Group Inc. lifted its holdings in iShares MBS ETF by 9.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,293 shares of the company’s stock worth $302,000 after buying an additional 272 shares during the period. PNC Financial Services Group Inc. raised its position in shares of iShares MBS ETF by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,931,127 shares of the company’s stock worth $268,726,000 after acquiring an additional 121,689 shares during the last quarter. Kestra Investment Management LLC lifted its stake in shares of iShares MBS ETF by 265.9% in the third quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock worth $23,891,000 after acquiring an additional 181,210 shares during the period. Fifth Third Bancorp boosted its holdings in iShares MBS ETF by 272.8% in the fourth quarter. Fifth Third Bancorp now owns 1,633 shares of the company’s stock valued at $150,000 after acquiring an additional 1,195 shares during the last quarter. Finally, Voisard Asset Management Group Inc. increased its position in iShares MBS ETF by 2,221.2% during the 4th quarter. Voisard Asset Management Group Inc. now owns 82,102 shares of the company’s stock valued at $7,527,000 after purchasing an additional 78,565 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.20 on Tuesday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The firm has a 50 day moving average price of $92.33 and a two-hundred day moving average price of $93.24.

iShares MBS ETF Cuts Dividend

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

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).