Financial Management Professionals Inc. Makes New $26,000 Investment in iShares MBS ETF (NASDAQ:MBB)

Financial Management Professionals Inc. purchased a new position in iShares MBS ETF (NASDAQ:MBB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 282 shares of the company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Simplicity Solutions LLC boosted its stake in shares of iShares MBS ETF by 3.6% in the 4th quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock valued at $317,000 after purchasing an additional 117 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of iShares MBS ETF by 1.3% in the 1st 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. CoreCap Advisors LLC boosted its stake in shares of iShares MBS ETF by 4.4% in the 4th quarter. CoreCap Advisors LLC now owns 3,353 shares of the company’s stock valued at $315,000 after purchasing an additional 142 shares in the last quarter. Ellis Investment Partners LLC boosted its stake in shares of iShares MBS ETF by 5.3% in the 4th quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock valued at $273,000 after purchasing an additional 146 shares in the last quarter. Finally, Proffitt & Goodson Inc. boosted its stake in shares of iShares MBS ETF by 0.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 35,782 shares of the company’s stock valued at $3,366,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.5 %

NASDAQ:MBB opened at $91.81 on Friday. The company has a fifty day moving average of $91.24 and a 200 day moving average of $91.98. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $94.55.

iShares MBS ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a dividend of $0.3002 per share. The ex-dividend date was Monday, June 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 3.92%.

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).