Foster & Motley Inc. Has $5.43 Million Stake in iShares MBS ETF (MBB)

Foster & Motley Inc. decreased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,892 shares of the company’s stock after selling 1,438 shares during the quarter. Foster & Motley Inc.’s holdings in iShares MBS ETF were worth $5,430,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MBB. Advocacy Wealth Management Services LLC acquired a new position in shares of iShares MBS ETF during the fourth quarter worth about $39,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of iShares MBS ETF during the third quarter worth about $116,000. CLS Investments LLC increased its position in shares of iShares MBS ETF by 5,995.2% during the third quarter. CLS Investments LLC now owns 1,280 shares of the company’s stock worth $132,000 after acquiring an additional 1,259 shares during the last quarter. Financial Advantage Inc. purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth about $157,000. Finally, Parallel Advisors LLC increased its position in shares of iShares MBS ETF by 186.7% during the third quarter. Parallel Advisors LLC now owns 1,534 shares of the company’s stock worth $159,000 after acquiring an additional 999 shares during the last quarter.

Shares of NASDAQ MBB traded up $0.17 during midday trading on Thursday, reaching $105.38. 20,663 shares of the company’s stock were exchanged, compared to its average volume of 1,877,222. iShares MBS ETF has a 52-week low of $101.75 and a 52-week high of $105.49.

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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).

Further Reading: Preferred Stock

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