Pinnacle Bancorp Inc. Raises Stock Position in iShares MBS ETF (NASDAQ:MBB)

Pinnacle Bancorp Inc. lifted its stake in iShares MBS ETF (NASDAQ:MBB) by 18.5% in the fourth quarter, HoldingsChannel reports. The firm owned 10,572 shares of the company’s stock after acquiring an additional 1,648 shares during the quarter. Pinnacle Bancorp Inc.’s holdings in iShares MBS ETF were worth $969,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. lifted its position in iShares MBS ETF by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 16,422 shares of the company’s stock valued at $1,508,000 after purchasing an additional 1,083 shares during the period. Federated Hermes Inc. increased its position in iShares MBS ETF by 61.8% during the second quarter. Federated Hermes Inc. now owns 107,250 shares of the company’s stock worth $9,847,000 after buying an additional 40,950 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of iShares MBS ETF by 6.3% in the second quarter. Moors & Cabot Inc. now owns 11,600 shares of the company’s stock valued at $1,065,000 after buying an additional 684 shares during the last quarter. Wealth Alliance boosted its stake in iShares MBS ETF by 8.2% in the 2nd quarter. Wealth Alliance now owns 55,010 shares of the company’s stock worth $5,050,000 after buying an additional 4,156 shares during the last quarter. Finally, Meridian Wealth Partners LLC increased its holdings in shares of iShares MBS ETF by 7.6% during the 2nd quarter. Meridian Wealth Partners LLC now owns 191,558 shares of the company’s stock worth $17,587,000 after buying an additional 13,510 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $91.41 on Thursday. The company’s fifty day simple moving average is $92.30 and its 200-day simple moving average is $93.60. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date of this dividend 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).