Spectrum Planning & Advisory Services Inc. Raises Stake in iShares MBS ETF (NASDAQ:MBB)

Spectrum Planning & Advisory Services Inc. grew its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 61.9% during the 4th quarter, HoldingsChannel reports. The fund owned 37,836 shares of the company’s stock after acquiring an additional 14,471 shares during the quarter. iShares MBS ETF makes up 3.0% of Spectrum Planning & Advisory Services Inc.’s investment portfolio, making the stock its 11th biggest position. Spectrum Planning & Advisory Services Inc.’s holdings in iShares MBS ETF were worth $3,469,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in iShares MBS ETF by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock valued at $3,321,229,000 after purchasing an additional 5,521,374 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of iShares MBS ETF by 8.3% in the third quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock worth $1,750,027,000 after buying an additional 1,404,263 shares during the period. LPL Financial LLC raised its holdings in iShares MBS ETF by 6.3% during the 3rd quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock valued at $1,838,565,000 after buying an additional 1,138,182 shares during the last quarter. Hilton Capital Management LLC bought a new stake in iShares MBS ETF during the 3rd quarter valued at $88,586,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in iShares MBS ETF by 696.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 804,598 shares of the company’s stock valued at $77,089,000 after buying an additional 703,598 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

MBB stock opened at $92.17 on Wednesday. The firm’s 50-day moving average price is $92.16 and its two-hundred day moving average price is $93.59. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.2944 per share. The ex-dividend date of this dividend was Wednesday, December 18th.

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).