Spectrum Investment Advisors Inc. Buys 2,368 Shares of iShares MBS ETF (NASDAQ:MBB)

Spectrum Investment Advisors Inc. lifted its position in iShares MBS ETF (NASDAQ:MBB) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 128,160 shares of the company’s stock after acquiring an additional 2,368 shares during the quarter. iShares MBS ETF comprises about 8.4% of Spectrum Investment Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Spectrum Investment Advisors Inc.’s holdings in iShares MBS ETF were worth $12,279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. St. Johns Investment Management Company LLC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $30,000. Chris Bulman Inc purchased a new position in iShares MBS ETF during the second quarter worth about $31,000. Rothschild Investment LLC acquired a new stake in iShares MBS ETF in the 2nd quarter valued at approximately $33,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF during the 3rd quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC boosted 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 valued at $36,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2 %

Shares of MBB opened at $92.18 on Friday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The stock has a 50-day simple moving average of $94.40 and a 200-day simple moving average of $93.33.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.3099 dividend. The ex-dividend date of this dividend was Friday, November 1st.

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).