Magnolia Capital Advisors LLC Buys New Shares in iShares MBS ETF (NASDAQ:MBB)

Magnolia Capital Advisors LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,903 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strait & Sound Wealth Management LLC increased its stake in iShares MBS ETF by 3.7% in the first quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock valued at $298,000 after purchasing an additional 117 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in iShares MBS ETF by 1.3% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock valued at $888,000 after purchasing an additional 119 shares in the last quarter. DB Fitzpatrick & Co Inc increased its stake in iShares MBS ETF by 0.6% in the second quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock valued at $1,792,000 after purchasing an additional 119 shares in the last quarter. New Republic Capital LLC increased its stake in iShares MBS ETF by 5.0% in the first quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock valued at $244,000 after purchasing an additional 125 shares in the last quarter. Finally, Westwood Holdings Group Inc. increased its stake in iShares MBS ETF by 1.5% in the second quarter. Westwood Holdings Group Inc. now owns 9,129 shares of the company’s stock valued at $838,000 after purchasing an additional 134 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.4 %

MBB opened at $95.81 on Tuesday. The company has a fifty day moving average price of $95.16 and a two-hundred day moving average price of $92.76. iShares MBS ETF has a 1-year low of $85.28 and a 1-year high of $96.76.

iShares MBS ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 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).