Family Asset Management LLC Boosts Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Family Asset Management LLC grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 85.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,823 shares of the company’s stock after purchasing an additional 18,398 shares during the period. iShares MBS ETF comprises approximately 2.3% of Family Asset Management LLC’s holdings, making the stock its 9th largest holding. Family Asset Management LLC’s holdings in iShares MBS ETF were worth $3,815,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Blueprint LLC boosted its position in shares of iShares MBS ETF by 0.6% during the 3rd quarter. Strategic Blueprint LLC now owns 18,707 shares of the company’s stock worth $1,792,000 after acquiring an additional 116 shares in the last quarter. Strait & Sound Wealth Management LLC increased its position in shares of iShares MBS ETF by 3.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock worth $298,000 after acquiring an additional 117 shares in the last quarter. DB Fitzpatrick & Co Inc boosted its holdings in iShares MBS ETF by 0.6% during the second quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock worth $1,792,000 after purchasing an additional 119 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in iShares MBS ETF by 0.3% during the third quarter. Cypress Wealth Services LLC now owns 46,586 shares of the company’s stock worth $4,463,000 after purchasing an additional 120 shares during the last quarter. Finally, New Republic Capital LLC boosted its stake in iShares MBS ETF by 5.0% in the first quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock valued at $244,000 after acquiring an additional 125 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB traded down $0.93 during midday trading on Wednesday, hitting $91.94. The company’s stock had a trading volume of 101,866 shares, compared to its average volume of 2,308,434. The stock has a fifty day moving average price of $94.87 and a 200 day moving average price of $93.23. iShares MBS ETF has a one year low of $87.87 and a one year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be paid a $0.3099 dividend. The ex-dividend date is 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).