West Coast Financial LLC Buys 23,752 Shares of iShares MBS ETF (NASDAQ:MBB)

West Coast Financial LLC boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 309,975 shares of the company’s stock after purchasing an additional 23,752 shares during the quarter. iShares MBS ETF comprises 3.1% of West Coast Financial LLC’s portfolio, making the stock its 6th largest position. West Coast Financial LLC owned about 0.08% of iShares MBS ETF worth $28,418,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC boosted its stake in shares of iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new position in shares of iShares MBS ETF during the third quarter worth about $30,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $33,000. MeadowBrook Investment Advisors LLC increased its holdings in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in iShares MBS ETF by 254.2% in 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 during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $91.41 on Thursday. The company’s fifty day moving average is $92.30 and its two-hundred day moving average is $93.60. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

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).