Scarborough Advisors LLC Makes New Investment in iShares MBS ETF $MBB

Scarborough Advisors LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 89,008 shares of the company’s stock, valued at approximately $8,451,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in shares of iShares MBS ETF in the fourth quarter worth $28,000. Brown Lisle Cummings Inc. bought a new position in iShares MBS ETF during the 1st quarter valued at $28,000. First Community Trust NA bought a new position in iShares MBS ETF during the 1st quarter valued at $32,000. Nemes Rush Group LLC grew its holdings in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after acquiring an additional 206 shares in the last quarter. Finally, Aventura Private Wealth LLC acquired a new position in iShares MBS ETF during the 4th quarter worth $35,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB opened at $93.78 on Monday. The company has a 50-day moving average of $94.15 and a 200-day moving average of $94.95. iShares MBS ETF has a 1-year low of $92.43 and a 1-year high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.3373 dividend. The ex-dividend date was Wednesday, July 1st.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).