Avantax Advisory Services Inc. Buys 8,718 Shares of iShares MBS ETF (NASDAQ:MBB)

Avantax Advisory Services Inc. boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 187,049 shares of the company’s stock after purchasing an additional 8,718 shares during the period. Avantax Advisory Services Inc.’s holdings in iShares MBS ETF were worth $17,149,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MBB. Hobbs Group Advisors LLC raised its position in shares of iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. MeadowBrook Investment Advisors LLC raised its position in shares of iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the period. Truvestments Capital LLC bought a new stake in shares of iShares MBS ETF in the fourth quarter valued at approximately $36,000. Key Financial Inc raised its position in shares of iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 422 shares during the period. Finally, Activest Wealth Management bought a new stake in shares of iShares MBS ETF in the fourth quarter valued at approximately $58,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $93.09 on Thursday. The company’s 50 day moving average is $92.23 and its 200-day moving average is $93.30. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

About iShares MBS ETF

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).