Raymond James Financial Inc. Takes $115.37 Million Position in iShares MBS ETF (NASDAQ:MBB)

Raymond James Financial Inc. purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,258,409 shares of the company’s stock, valued at approximately $115,371,000.

A number of other large investors also recently modified their holdings of the business. Ignite Planners LLC increased its holdings in shares of iShares MBS ETF by 4.9% during the fourth quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock valued at $226,000 after purchasing an additional 115 shares during the period. Savvy Advisors Inc. increased its holdings in shares of iShares MBS ETF by 4.3% during the third quarter. Savvy Advisors Inc. now owns 2,918 shares of the company’s stock valued at $280,000 after purchasing an additional 121 shares during the period. Delos Wealth Advisors LLC increased its holdings in shares of iShares MBS ETF by 4.3% during the third quarter. Delos Wealth Advisors LLC now owns 2,938 shares of the company’s stock valued at $281,000 after purchasing an additional 121 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of iShares MBS ETF by 18.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock valued at $73,000 after purchasing an additional 125 shares during the period. Finally, Hobbs Group Advisors LLC increased its holdings 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 purchasing an additional 149 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.1 %

NASDAQ:MBB opened at $93.13 on Friday. The business’s 50-day moving average price is $92.13 and its 200 day moving average price is $93.34. 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 company also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).