Lifelong Wealth Advisors Inc. Sells 2,267 Shares of iShares MBS ETF (NASDAQ:MBB)

Lifelong Wealth Advisors Inc. lessened its holdings in iShares MBS ETF (NASDAQ:MBB) by 10.9% in the first quarter, Holdings Channel reports. The institutional investor owned 18,489 shares of the company’s stock after selling 2,267 shares during the period. iShares MBS ETF accounts for approximately 0.8% of Lifelong Wealth Advisors Inc.’s holdings, making the stock its 18th largest position. Lifelong Wealth Advisors Inc.’s holdings in iShares MBS ETF were worth $1,734,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in iShares MBS ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after buying an additional 1,826,521 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MBS ETF by 49.2% in the 4th quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after buying an additional 17,056,138 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares MBS ETF by 4.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock valued at $2,637,664,000 after purchasing an additional 1,336,608 shares during the period. LPL Financial LLC raised its holdings in iShares MBS ETF by 13.9% during the 4th quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock worth $2,003,943,000 after purchasing an additional 2,668,319 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in iShares MBS ETF by 7.9% during the 4th quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock worth $1,806,274,000 after purchasing an additional 1,436,342 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.54 on Thursday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The firm has a 50 day moving average price of $92.50 and a two-hundred day moving average price of $92.47.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 annualized dividend and a yield of 4.17%.

About iShares MBS ETF

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).