Lenox Wealth Management Inc. Has $5.83 Million Stock Position in iShares MBS ETF (NASDAQ:MBB)

Lenox Wealth Management Inc. increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 36.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 53,820 shares of the company’s stock after buying an additional 14,248 shares during the period. iShares MBS ETF makes up 1.7% of Lenox Wealth Management Inc.’s holdings, making the stock its 9th biggest holding. Lenox Wealth Management Inc.’s holdings in iShares MBS ETF were worth $5,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MBB. Litman Gregory Asset Management LLC acquired a new stake in iShares MBS ETF in the second quarter worth $29,000. Sandy Spring Bank grew its holdings in iShares MBS ETF by 197.7% in the third quarter. Sandy Spring Bank now owns 262 shares of the company’s stock worth $29,000 after purchasing an additional 174 shares during the period. Golden State Wealth Management LLC grew its holdings in iShares MBS ETF by 70.1% in the third quarter. Golden State Wealth Management LLC now owns 279 shares of the company’s stock worth $30,000 after purchasing an additional 115 shares during the period. MCF Advisors LLC acquired a new stake in iShares MBS ETF in the second quarter worth $31,000. Finally, Gemmer Asset Management LLC acquired a new stake in iShares MBS ETF in the third quarter worth $35,000.

NASDAQ:MBB traded up $0.09 during trading hours on Friday, reaching $107.81. The company had a trading volume of 523,900 shares, compared to its average volume of 1,182,053. iShares MBS ETF has a twelve month low of $101.78 and a twelve month high of $108.53. The business’s 50-day simple moving average is $108.10 and its two-hundred day simple moving average is $107.49.

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).

Further Reading: Why do companies issue stock splits?

Want to see what other hedge funds are holding MBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares MBS ETF (NASDAQ:MBB).

Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

Receive News & Ratings for iShares MBS ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares MBS ETF and related companies with MarketBeat.com's FREE daily email newsletter.