KPP Advisory Services LLC Increases Stock Position in iShares MBS ETF (NASDAQ:MBB)

KPP Advisory Services LLC grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,067 shares of the company’s stock after purchasing an additional 623 shares during the period. KPP Advisory Services LLC’s holdings in iShares MBS ETF were worth $294,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MBB. St. Johns Investment Management Company LLC acquired a new stake in iShares MBS ETF in the third quarter valued at $30,000. Chris Bulman Inc purchased a new stake in shares of iShares MBS ETF in the 2nd quarter worth about $31,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF in the 3rd quarter valued at about $33,000. Rothschild Investment LLC purchased a new position in iShares MBS ETF during the 2nd quarter valued at about $33,000. Finally, MeadowBrook Investment Advisors LLC raised its position in iShares MBS ETF by 413.5% during 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 during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.2 %

MBB stock opened at $92.18 on Friday. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76. The company’s 50 day simple moving average is $94.40 and its 200-day simple moving average is $93.36.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.3099 per share. The ex-dividend date was Friday, November 1st.

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).