Principal Financial Group Inc. Makes New $289,000 Investment in iShares MBS ETF (NASDAQ:MBB)

Principal Financial Group Inc. bought a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,021 shares of the company’s stock, valued at approximately $289,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MBB. St. Johns Investment Management Company LLC purchased a new position in iShares MBS ETF in the 3rd quarter valued at approximately $30,000. Chris Bulman Inc acquired a new position in shares of iShares MBS ETF during the 2nd quarter worth $31,000. Rothschild Investment LLC purchased a new stake in shares of iShares MBS ETF in the 2nd quarter worth about $33,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF in the 3rd quarter valued at about $33,000. Finally, PSI Advisors LLC raised its position in iShares MBS ETF by 2,289.5% during the second quarter. PSI Advisors LLC now owns 454 shares of the company’s stock worth $42,000 after acquiring an additional 435 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.9 %

MBB stock opened at $93.45 on Tuesday. The company’s 50 day simple moving average is $93.94 and its 200-day simple moving average is $93.46. 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 business also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.3099 per share. The ex-dividend date was Friday, November 1st.

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).