Confluence Investment Management LLC Increases Position in iShares MBS ETF (NASDAQ:MBB)

Confluence Investment Management LLC raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 54.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 293,979 shares of the company’s stock after purchasing an additional 103,913 shares during the period. Confluence Investment Management LLC owned approximately 0.08% of iShares MBS ETF worth $26,952,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $519,000. Ascent Group LLC boosted its position in iShares MBS ETF by 27.5% during the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock valued at $7,028,000 after buying an additional 16,488 shares during the period. Zions Bancorporation N.A. bought a new position in shares of iShares MBS ETF during the second quarter valued at about $189,000. AAFMAA Wealth Management & Trust LLC grew its stake in shares of iShares MBS ETF by 0.9% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock valued at $6,409,000 after buying an additional 592 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares MBS ETF by 76.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,437 shares of the company’s stock worth $6,008,000 after buying an additional 28,456 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.1 %

MBB stock traded up $0.10 during trading on Thursday, hitting $91.78. 481,036 shares of the company traded hands, compared to its average volume of 2,432,254. The company has a 50-day moving average of $92.63 and a 200-day moving average of $93.68. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

iShares MBS ETF Company 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).