World Equity Group Inc. Sells 854 Shares of iShares MBS ETF (NASDAQ:MBB)

World Equity Group Inc. decreased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 16.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,404 shares of the company’s stock after selling 854 shares during the quarter. World Equity Group Inc.’s holdings in iShares MBS ETF were worth $413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of iShares MBS ETF in the 4th quarter valued at about $273,000. Principal Financial Group Inc. lifted its holdings 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 valued at $302,000 after purchasing an additional 272 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of iShares MBS ETF by 15.0% in the 4th quarter. D.A. Davidson & CO. now owns 22,562 shares of the company’s stock worth $2,068,000 after purchasing an additional 2,942 shares in the last quarter. Matauro LLC purchased a new position in iShares MBS ETF during the 4th quarter worth $391,000. Finally, Kooman & Associates purchased a new position in iShares MBS ETF during the 4th quarter worth $440,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.1%

Shares of NASDAQ:MBB opened at $92.81 on Friday. The business’s 50-day moving average is $92.45 and its 200 day moving average is $92.47. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a $0.3251 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.20%.

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).