Diversified Portfolios Inc. Acquires Shares of 10,012 iShares MBS ETF (NASDAQ:MBB)

Diversified Portfolios Inc. bought a new position in iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 10,012 shares of the company’s stock, valued at approximately $918,000.

Other hedge funds have also recently made changes to their positions in the company. Hobbs Group Advisors LLC boosted 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 worth $27,000 after buying an additional 149 shares during the period. St. Johns Investment Management Company LLC purchased a new stake in shares of iShares MBS ETF in the third quarter valued at $30,000. Godsey & Gibb Inc. bought a new stake in shares of iShares MBS ETF in the 3rd quarter worth about $33,000. MeadowBrook Investment Advisors LLC boosted its stake in shares of 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 purchasing an additional 306 shares during the period. Finally, Activest Wealth Management bought a new position in iShares MBS ETF during the 4th quarter valued at about $58,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.3 %

Shares of NASDAQ MBB opened at $91.95 on Wednesday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The business’s 50 day moving average price is $91.98 and its 200-day moving average price is $93.54.

iShares MBS ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.3414 dividend. This is a positive change from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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).