Confluence Investment Management LLC Acquires 103,913 Shares of iShares MBS ETF (NASDAQ:MBB)

Confluence Investment Management LLC raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 54.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 293,979 shares of the company’s stock after buying an additional 103,913 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $26,952,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MBB. Hobbs Group Advisors LLC increased its position in shares of iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF during the 3rd quarter worth approximately $30,000. Chris Bulman Inc bought a new position in shares of iShares MBS ETF in the 2nd quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in shares of iShares MBS ETF in the 2nd quarter worth approximately $33,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF in the 3rd quarter valued at approximately $33,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.1 %

Shares of NASDAQ MBB traded up $0.10 during mid-day trading on Thursday, hitting $91.78. 481,036 shares of the stock traded hands, compared to its average volume of 2,432,254. The stock has a fifty day moving average price of $92.63 and a 200-day moving average price of $93.68. 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. Stockholders of record on Wednesday, December 18th were given a $0.2944 dividend. The ex-dividend date 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).