Scarborough Advisors LLC Has $6.34 Million Holdings in iShares MBS ETF (NASDAQ:MBB)

Scarborough Advisors LLC lifted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 4.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,109 shares of the company’s stock after purchasing an additional 2,946 shares during the quarter. iShares MBS ETF accounts for approximately 0.9% of Scarborough Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Scarborough Advisors LLC’s holdings in iShares MBS ETF were worth $6,336,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC boosted its stake in iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in iShares MBS ETF in the 3rd quarter valued at $30,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF in the 3rd quarter valued at $33,000. MeadowBrook Investment Advisors LLC raised its position in iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Activest Wealth Management bought a new position in iShares MBS ETF in the 4th quarter valued at $58,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.4 %

Shares of MBB opened at $92.43 on Friday. The stock has a fifty day moving average price of $91.87 and a two-hundred day moving average price of $93.50. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.3414 dividend. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend was Monday, February 3rd.

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).