Ade LLC Raises Stock Position in iShares MBS ETF (NASDAQ:MBB)

Ade LLC grew its holdings in iShares MBS ETF (NASDAQ:MBB) by 9.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,835 shares of the company’s stock after acquiring an additional 665 shares during the period. Ade LLC’s holdings in iShares MBS ETF were worth $718,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in MBB. Hobbs Group Advisors LLC grew its stake in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after acquiring an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF during the third quarter valued at about $30,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF during the third quarter valued at about $33,000. MeadowBrook Investment Advisors LLC increased its holdings in shares of 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 purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its position in shares of iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after buying an additional 333 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $91.59 on Tuesday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The business has a 50 day simple moving average of $92.23 and a two-hundred day simple moving average of $93.61.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.2944 dividend. 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).