548,000 Shares in iShares MBS ETF (NASDAQ:MBB) Acquired by Constellation Investments Inc.

Constellation Investments Inc. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 548,000 shares of the company’s stock, valued at approximately $50,241,000. iShares MBS ETF comprises 2.3% of Constellation Investments Inc.’s portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC acquired a new position in iShares MBS ETF in the third quarter valued at about $2,960,000. Exchange Traded Concepts LLC bought a new position in iShares MBS ETF in the 3rd quarter valued at about $519,000. Concourse Financial Group Securities Inc. raised its position in shares of iShares MBS ETF by 18.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 265,140 shares of the company’s stock valued at $25,403,000 after buying an additional 40,458 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of iShares MBS ETF by 63.0% during the 3rd quarter. Sound Income Strategies LLC now owns 2,184 shares of the company’s stock worth $209,000 after acquiring an additional 844 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $1,664,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $92.18 on Monday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The company’s 50 day simple moving average is $92.00 and its 200 day simple moving average is $93.53.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.3414 dividend. This is a positive change from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 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).