Magnus Financial Group LLC Increases Position in iShares MBS ETF (NASDAQ:MBB)

Magnus Financial Group LLC grew its position in iShares MBS ETF (NASDAQ:MBB) by 33.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,797 shares of the company’s stock after acquiring an additional 3,749 shares during the period. Magnus Financial Group LLC’s holdings in iShares MBS ETF were worth $1,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MBB. Blair William & Co. IL boosted its position in iShares MBS ETF by 8.4% in the 2nd quarter. Blair William & Co. IL now owns 7,259 shares of the company’s stock valued at $666,000 after buying an additional 560 shares during the period. Hsbc Holdings PLC boosted its holdings in iShares MBS ETF by 102.5% in the second quarter. Hsbc Holdings PLC now owns 22,798 shares of the company’s stock valued at $2,093,000 after purchasing an additional 11,539 shares during the period. Marshall Wace LLP grew its stake in iShares MBS ETF by 241.4% during the 2nd quarter. Marshall Wace LLP now owns 143,400 shares of the company’s stock worth $13,166,000 after purchasing an additional 101,400 shares in the last quarter. Mill Creek Capital Advisors LLC increased its holdings in iShares MBS ETF by 2.6% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 500,530 shares of the company’s stock worth $45,954,000 after purchasing an additional 12,552 shares during the period. Finally, Semmax Financial Advisors Inc. raised its position in iShares MBS ETF by 9.6% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 39,685 shares of the company’s stock valued at $3,762,000 after purchasing an additional 3,480 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $91.83 on Wednesday. The company’s 50 day moving average price is $92.20 and its 200 day moving average price is $93.60. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.2944 dividend. The ex-dividend date 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).