GEN Financial Management INC. Invests $569,000 in iShares MBS ETF (NASDAQ:MBB)

GEN Financial Management INC. bought a new position in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,202 shares of the company’s stock, valued at approximately $569,000.

Other hedge funds also recently bought and sold shares of the company. Hobbs Group Advisors LLC boosted its position in shares of iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of iShares MBS ETF in the third quarter worth about $30,000. Godsey & Gibb Inc. purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC raised its stake in iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings 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 valued at $44,000 after acquiring an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.4 %

Shares of iShares MBS ETF stock opened at $91.80 on Tuesday. The stock has a 50 day moving average price of $92.14 and a 200-day moving average price of $93.56. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a dividend of $0.3414 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

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).