Client 1ST Advisory Group LLC Takes $3.53 Million Position in iShares MBS ETF (NASDAQ:MBB)

Client 1ST Advisory Group LLC bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 38,499 shares of the company’s stock, valued at approximately $3,530,000. iShares MBS ETF accounts for approximately 1.4% of Client 1ST Advisory Group LLC’s holdings, making the stock its 17th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC lifted its holdings 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 buying an additional 149 shares during the period. St. Johns Investment Management Company LLC acquired a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. bought a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC lifted its stake in 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 purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake in 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 purchasing an additional 333 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $91.59 on Monday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The firm’s 50 day moving average price is $92.23 and its two-hundred day moving average price is $93.61.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).