Snider Financial Group Raises Stake in iShares MBS ETF (NASDAQ:MBB)

Snider Financial Group lifted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 69,586 shares of the company’s stock after buying an additional 195 shares during the quarter. iShares MBS ETF comprises 2.4% of Snider Financial Group’s holdings, making the stock its 12th biggest position. Snider Financial Group’s holdings in iShares MBS ETF were worth $6,667,000 at the end of the most recent quarter.

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

iShares MBS ETF Price Performance

Shares of NASDAQ MBB opened at $92.39 on Thursday. The firm has a fifty day moving average of $94.55 and a 200-day moving average of $93.32. iShares MBS ETF has a 52-week low of $89.11 and a 52-week high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.3099 per share. 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).