Leavell Investment Management Inc. Grows Stock Position in iShares MBS ETF (NASDAQ:MBB)

Leavell Investment Management Inc. lifted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 45.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,280 shares of the company’s stock after purchasing an additional 51,395 shares during the quarter. iShares MBS ETF comprises approximately 0.7% of Leavell Investment Management Inc.’s portfolio, making the stock its 29th biggest position. Leavell Investment Management Inc.’s holdings in iShares MBS ETF were worth $15,061,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hobbs Group Advisors LLC raised its position in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in iShares MBS ETF in the third quarter worth $30,000. Godsey & Gibb Inc. purchased a new position in iShares MBS ETF in the third quarter worth $33,000. MeadowBrook Investment Advisors LLC raised its position in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares in the last quarter. Finally, Activest Wealth Management purchased a new position in iShares MBS ETF in the fourth quarter worth $58,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.3 %

NASDAQ:MBB opened at $91.95 on Wednesday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The stock has a fifty day moving average price of $91.98 and a two-hundred day moving average price of $93.54.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a $0.3414 dividend. This is a positive change from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 3rd.

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).