WealthTrak Capital Management LLC Invests $500,000 in iShares MBS ETF (NASDAQ:MBB)

WealthTrak Capital Management LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 5,454 shares of the company’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MBB. Hobbs Group Advisors LLC boosted its stake in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. Truvestments Capital LLC bought a new stake in iShares MBS ETF during the 4th quarter valued at approximately $36,000. Key Financial Inc grew its holdings in shares of iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares during the period. Activest Wealth Management bought a new position in shares of iShares MBS ETF in the 4th quarter worth approximately $58,000. Finally, CENTRAL TRUST Co lifted its stake in shares of iShares MBS ETF by 41.4% in the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after purchasing an additional 189 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $93.66 on Friday. The stock’s 50 day moving average is $92.74 and its 200 day moving average is $93.13. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76.

iShares MBS ETF Cuts Dividend

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

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).