Patten & Patten Inc. TN Makes New $1.15 Million Investment in iShares MBS ETF (NASDAQ:MBB)

Patten & Patten Inc. TN acquired a new position in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 12,492 shares of the company’s stock, valued at approximately $1,145,000.

A number of other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of iShares MBS ETF by 9.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,293 shares of the company’s stock worth $302,000 after buying an additional 272 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of iShares MBS ETF by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,931,127 shares of the company’s stock worth $268,726,000 after buying an additional 121,689 shares during the period. Kestra Investment Management LLC lifted its position in shares of iShares MBS ETF by 265.9% during the 3rd quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock worth $23,891,000 after buying an additional 181,210 shares during the period. Fifth Third Bancorp lifted its position in shares of iShares MBS ETF by 272.8% during the 4th quarter. Fifth Third Bancorp now owns 1,633 shares of the company’s stock worth $150,000 after buying an additional 1,195 shares during the period. Finally, Voisard Asset Management Group Inc. lifted its position in shares of iShares MBS ETF by 2,221.2% during the 4th quarter. Voisard Asset Management Group Inc. now owns 82,102 shares of the company’s stock worth $7,527,000 after buying an additional 78,565 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.00 on Monday. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The business has a 50 day simple moving average of $92.29 and a 200 day simple moving average of $93.25.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

iShares MBS ETF 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).