Flagstar Advisors Inc. Lowers Stake in iShares MBS ETF (NASDAQ:MBB)

Flagstar Advisors Inc. cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,444 shares of the company’s stock after selling 472 shares during the quarter. Flagstar Advisors Inc.’s holdings in iShares MBS ETF were worth $426,000 at the end of the most recent quarter.

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

iShares MBS ETF Stock Up 0.2 %

MBB opened at $92.60 on Friday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The company has a fifty day simple moving average of $94.00 and a 200 day simple moving average of $93.41.

iShares MBS ETF Cuts Dividend

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

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).