Bank of Hawaii Acquires New Stake in iShares MBS ETF (NASDAQ:MBB)

Bank of Hawaii bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 532,164 shares of the company’s stock, valued at approximately $50,987,000. iShares MBS ETF comprises approximately 2.1% of Bank of Hawaii’s investment portfolio, making the stock its 12th biggest position. Bank of Hawaii owned approximately 0.15% of iShares MBS ETF at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. St. Johns Investment Management Company LLC purchased a new stake in shares of iShares MBS ETF in the third quarter valued at approximately $30,000. Chris Bulman Inc acquired a new position in iShares MBS ETF during the second quarter worth $31,000. Rothschild Investment LLC purchased a new stake in iShares MBS ETF in the 2nd quarter valued at $33,000. Godsey & Gibb Inc. acquired a new stake in shares of iShares MBS ETF in the 3rd quarter worth $33,000. Finally, MeadowBrook Investment Advisors LLC raised its holdings in shares of iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $92.60 on Monday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The firm has a 50-day moving average price of $94.00 and a 200 day moving average price of $93.44.

iShares MBS ETF Cuts Dividend

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

iShares MBS ETF 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).