Financial Advocates Investment Management Boosts Holdings in iShares MBS ETF (NASDAQ:MBB)

Financial Advocates Investment Management increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,934 shares of the company’s stock after buying an additional 27,734 shares during the quarter. iShares MBS ETF comprises approximately 0.7% of Financial Advocates Investment Management’s portfolio, making the stock its 29th largest position. Financial Advocates Investment Management’s holdings in iShares MBS ETF were worth $11,821,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MBB. Hobbs Group Advisors LLC boosted its position in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC acquired a new stake in iShares MBS ETF during the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. purchased a new position in iShares MBS ETF in the third quarter valued at $33,000. MeadowBrook Investment Advisors LLC grew its position in shares of 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 buying an additional 306 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock opened at $92.48 on Thursday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The company’s 50 day moving average is $92.08 and its two-hundred day moving average is $93.55.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be given a $0.3414 dividend. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date is Monday, February 3rd.

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).