MeadowBrook Investment Advisors LLC Buys 306 Shares of iShares MBS ETF (NASDAQ:MBB)

MeadowBrook Investment Advisors LLC boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 413.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 380 shares of the company’s stock after purchasing an additional 306 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in iShares MBS ETF were worth $36,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MBB. Jane Street Group LLC lifted its stake in shares of iShares MBS ETF by 542.0% in the first quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock worth $779,016,000 after acquiring an additional 7,116,171 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of iShares MBS ETF by 12.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 25,036,908 shares of the company’s stock valued at $2,298,639,000 after purchasing an additional 2,829,414 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of iShares MBS ETF during the first quarter worth $158,046,000. LPL Financial LLC raised its stake in iShares MBS ETF by 6.9% during the second quarter. LPL Financial LLC now owns 18,051,515 shares of the company’s stock worth $1,657,310,000 after buying an additional 1,157,953 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in iShares MBS ETF by 2,198.6% during the first quarter. Bessemer Group Inc. now owns 994,220 shares of the company’s stock worth $91,886,000 after buying an additional 950,966 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.1 %

NASDAQ MBB traded up $0.11 on Thursday, hitting $92.50. 180,080 shares of the company were exchanged, compared to its average volume of 2,325,167. iShares MBS ETF has a 12 month low of $89.11 and a 12 month high of $96.76. The stock has a fifty day moving average of $94.55 and a 200-day moving average of $93.32.

iShares MBS ETF Cuts Dividend

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