RDA Financial Network Increases Position in iShares MBS ETF (NASDAQ:MBB)

RDA Financial Network raised its position in shares of iShares MBS ETF (NASDAQ:MBB) by 47.4% during the fourth quarter, HoldingsChannel reports. The firm owned 21,082 shares of the company’s stock after purchasing an additional 6,776 shares during the period. RDA Financial Network’s holdings in iShares MBS ETF were worth $1,933,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $519,000. Ascent Group LLC lifted its stake in iShares MBS ETF by 27.5% in the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock worth $7,028,000 after purchasing an additional 16,488 shares during the last quarter. AAFMAA Wealth Management & Trust LLC boosted its position in iShares MBS ETF by 0.9% during the third quarter. AAFMAA Wealth Management & Trust LLC now owns 66,897 shares of the company’s stock valued at $6,409,000 after buying an additional 592 shares during the period. Principal Financial Group Inc. bought a new position in shares of iShares MBS ETF during the third quarter valued at about $289,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares MBS ETF by 76.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 65,437 shares of the company’s stock worth $6,008,000 after buying an additional 28,456 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $91.66 on Friday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The stock has a 50-day moving average of $92.29 and a 200-day moving average of $93.58.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.2944 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

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).