Galvin Gaustad & Stein LLC Acquires 329 Shares of iShares MBS ETF (NASDAQ:MBB)

Galvin Gaustad & Stein LLC boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,670 shares of the company’s stock after acquiring an additional 329 shares during the period. iShares MBS ETF comprises about 2.0% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 16th largest position. Galvin Gaustad & Stein LLC owned approximately 0.06% of iShares MBS ETF worth $21,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MBB. Hobbs Group Advisors LLC lifted its position in shares of iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new stake in shares of iShares MBS ETF during the third quarter valued at about $30,000. Godsey & Gibb Inc. purchased a new stake in shares of iShares MBS ETF during the third quarter valued at about $33,000. MeadowBrook Investment Advisors LLC lifted its position in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of iShares MBS ETF by 254.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after buying an additional 333 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $91.51 on Thursday. The firm has a 50-day simple moving average of $92.18 and a two-hundred day simple moving average of $93.59. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given 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).