Nwam LLC Purchases Shares of 6,920 iShares MBS ETF (NASDAQ:MBB)

Nwam LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the third quarter, Holdings Channel.com reports. The fund purchased 6,920 shares of the company’s stock, valued at approximately $663,000.

Several other hedge funds have also recently modified their holdings of MBB. St. Johns Investment Management Company LLC acquired a new position in shares of iShares MBS ETF in the 3rd quarter valued at $30,000. Chris Bulman Inc acquired a new position in shares of iShares MBS ETF in the second quarter valued at about $31,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF in the third quarter worth about $33,000. Rothschild Investment LLC purchased a new position in shares of iShares MBS ETF in the second quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC lifted its holdings in shares of iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.2 %

Shares of NASDAQ MBB opened at $92.60 on Friday. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76. The business’s 50 day moving average price is $94.00 and its 200 day moving average price is $93.42.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.3099 dividend. The ex-dividend date was Friday, November 1st.

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).