Coordinated Financial Services Inc. Makes New Investment in iShares MBS ETF (NASDAQ:MBB)

Coordinated Financial Services Inc. purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 18,368 shares of the company’s stock, valued at approximately $1,684,000. iShares MBS ETF accounts for about 1.3% of Coordinated Financial Services Inc.’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of MBB. Principal Financial Group Inc. bought a new stake in iShares MBS ETF in the third quarter worth about $289,000. Galvin Gaustad & Stein LLC grew its stake in shares of iShares MBS ETF by 2.0% in the 3rd quarter. Galvin Gaustad & Stein LLC now owns 237,341 shares of the company’s stock worth $22,740,000 after purchasing an additional 4,635 shares during the last quarter. Assetmark Inc. raised its holdings in shares of iShares MBS ETF by 171.6% in the 3rd quarter. Assetmark Inc. now owns 887,766 shares of the company’s stock worth $85,057,000 after purchasing an additional 560,924 shares in the last quarter. Objective Capital Management LLC acquired a new stake in iShares MBS ETF during the third quarter valued at approximately $366,000. Finally, Atria Investments Inc boosted its holdings in iShares MBS ETF by 0.4% during the third quarter. Atria Investments Inc now owns 187,824 shares of the company’s stock worth $17,995,000 after buying an additional 763 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.13 on Friday. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76. The firm’s 50 day moving average price is $92.13 and its two-hundred day moving average price is $93.34.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date was Monday, March 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).