Financial Management Professionals Inc. Acquires Shares of 282 iShares MBS ETF (NASDAQ:MBB)

Financial Management Professionals Inc. acquired a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the first quarter, Holdings Channel.com reports. The firm acquired 282 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds have also bought and sold shares of the company. Register Financial Advisors LLC increased its position in iShares MBS ETF by 584.6% during the fourth quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in iShares MBS ETF in the fourth quarter worth about $28,000. Kozak & Associates Inc. purchased a new stake in iShares MBS ETF in the fourth quarter worth about $31,000. Versant Capital Management Inc purchased a new stake in iShares MBS ETF in the first quarter worth about $32,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in iShares MBS ETF in the fourth quarter worth about $34,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $91.81 on Friday. The firm has a 50-day simple moving average of $91.24 and a two-hundred day simple moving average of $91.98. iShares MBS ETF has a one year low of $85.28 and a one year high of $94.55.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a dividend of $0.3002 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Monday, June 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).