Pines Wealth Management LLC Purchases New Shares in iShares MBS ETF (NASDAQ:MBB)

Pines Wealth Management LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, HoldingsChannel reports. The fund acquired 4,491 shares of the company’s stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. Hobbs Group Advisors LLC increased its stake in shares of iShares MBS ETF by 115.5% in the 3rd 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 period. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF in the third quarter valued at about $30,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF in the third quarter worth about $33,000. MeadowBrook Investment Advisors LLC raised its holdings in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in iShares MBS ETF by 254.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $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 Stock Up 1.1 %

Shares of NASDAQ MBB opened at $91.41 on Thursday. The firm’s 50-day moving average is $92.30 and its 200-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 announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. 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).