State of New Jersey Common Pension Fund D Purchases New Stake in iShares MBS ETF (NASDAQ:MBB)

State of New Jersey Common Pension Fund D purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, HoldingsChannel reports. The fund purchased 550,000 shares of the company’s stock, valued at approximately $50,424,000.

Other hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC boosted its holdings in iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new position in iShares MBS ETF during the third quarter worth about $30,000. Godsey & Gibb Inc. purchased a new position in iShares MBS ETF during the third quarter worth about $33,000. MeadowBrook Investment Advisors LLC boosted its holdings in iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Activest Wealth Management purchased a new position in iShares MBS ETF during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $92.43 on Monday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The firm’s 50-day simple moving average is $91.84 and its 200 day simple moving average is $93.50.

iShares MBS ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a dividend of $0.3414 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

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).