iShares MBS ETF (NASDAQ:MBB) Shares Acquired by Financial Advocates Investment Management

Financial Advocates Investment Management increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 27.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 128,934 shares of the company’s stock after acquiring an additional 27,734 shares during the period. iShares MBS ETF comprises about 0.7% of Financial Advocates Investment Management’s portfolio, making the stock its 29th biggest position. Financial Advocates Investment Management’s holdings in iShares MBS ETF were worth $11,821,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alpha Financial Partners LLC purchased a new position in iShares MBS ETF during the 3rd quarter valued at about $2,960,000. Ignite Planners LLC acquired a new stake in shares of iShares MBS ETF in the third quarter valued at approximately $226,000. Chesley Taft & Associates LLC purchased a new position in shares of iShares MBS ETF during the 3rd quarter worth approximately $246,000. Axiom Advisory LLC raised its position in shares of iShares MBS ETF by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 15,744 shares of the company’s stock worth $1,488,000 after purchasing an additional 246 shares during the last quarter. Finally, Brookstone Capital Management raised its position in shares of iShares MBS ETF by 428.0% during the 3rd quarter. Brookstone Capital Management now owns 528,594 shares of the company’s stock worth $50,645,000 after purchasing an additional 428,490 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.6 %

Shares of NASDAQ:MBB opened at $92.48 on Thursday. The business’s fifty day moving average price is $92.08 and its two-hundred day moving average price is $93.55. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a dividend of $0.3414 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).