Procyon Advisors LLC Buys Shares of 20,015 iShares MBS ETF (NASDAQ:MBB)

Procyon Advisors LLC purchased a new position in iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 20,015 shares of the company’s stock, valued at approximately $1,835,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Hobbs Group Advisors LLC increased its stake 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 acquiring an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF during the 3rd quarter valued at $30,000. Godsey & Gibb Inc. acquired a new position in shares of iShares MBS ETF during the 3rd quarter valued at $33,000. MeadowBrook Investment Advisors LLC raised its stake in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of iShares MBS ETF by 254.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after buying an additional 333 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1 %

Shares of MBB stock opened at $91.59 on Friday. The stock has a 50-day simple moving average of $92.23 and a 200 day simple moving average of $93.57. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given 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).