Client 1ST Advisory Group LLC Makes New Investment in iShares MBS ETF (NASDAQ:MBB)

Client 1ST Advisory Group LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 38,499 shares of the company’s stock, valued at approximately $3,530,000. iShares MBS ETF makes up 1.4% of Client 1ST Advisory Group LLC’s holdings, making the stock its 17th largest position.

Several other hedge funds have also modified their holdings of MBB. Hobbs Group Advisors LLC grew its position in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after buying an additional 149 shares during the period. St. Johns Investment Management Company LLC acquired a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. purchased a new position in iShares MBS ETF in the 3rd quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC raised its holdings in iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in iShares MBS ETF by 254.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after purchasing an additional 333 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Down 0.1 %

MBB stock opened at $91.59 on Monday. The company’s 50 day simple moving average is $92.23 and its 200-day simple moving average is $93.61. 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 company also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

iShares MBS ETF Company 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).