Magnolia Capital Advisors LLC Invests $634,000 in iShares MBS ETF (NASDAQ:MBB)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Management Professionals Inc. purchased a new position in iShares MBS ETF during the first quarter worth about $26,000. Chris Bulman Inc purchased a new position in iShares MBS ETF during the second quarter worth about $31,000. Versant Capital Management Inc purchased a new position in iShares MBS ETF during the first quarter worth about $32,000. Rothschild Investment LLC purchased a new position in iShares MBS ETF during the second quarter worth about $33,000. Finally, PSI Advisors LLC boosted its holdings 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 purchasing an additional 435 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $95.81 on Tuesday. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $96.76. The firm’s 50-day simple moving average is $95.16 and its 200 day simple moving average is $92.76.

iShares MBS ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.3177 per share. The ex-dividend date was Tuesday, September 3rd.

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).