iShares MBS ETF $MBB Shares Sold by Spectrum Investment Advisors Inc.

Spectrum Investment Advisors Inc. decreased its holdings in iShares MBS ETF (NASDAQ:MBB) by 8.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,642 shares of the company’s stock after selling 11,356 shares during the quarter. iShares MBS ETF comprises about 6.7% of Spectrum Investment Advisors Inc.’s portfolio, making the stock its 7th biggest position. Spectrum Investment Advisors Inc.’s holdings in iShares MBS ETF were worth $11,515,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. LPL Financial LLC boosted its position in shares of iShares MBS ETF by 11.0% in the 1st quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock worth $2,275,347,000 after purchasing an additional 2,404,586 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in iShares MBS ETF by 0.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock worth $275,669,000 after acquiring an additional 8,399 shares during the period. Renaissancere Holdings Ltd. acquired a new stake in iShares MBS ETF during the 1st quarter worth about $267,782,000. Cetera Investment Advisers lifted its position in iShares MBS ETF by 17.5% during the 1st quarter. Cetera Investment Advisers now owns 1,863,533 shares of the company’s stock worth $174,762,000 after acquiring an additional 277,926 shares during the period. Finally, Raymond James Financial Inc. lifted its position in iShares MBS ETF by 13.0% during the 1st quarter. Raymond James Financial Inc. now owns 1,421,953 shares of the company’s stock worth $133,351,000 after acquiring an additional 163,543 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.0%

Shares of MBB opened at $95.88 on Friday. The stock has a 50-day moving average of $94.74 and a two-hundred day moving average of $93.47. iShares MBS ETF has a one year low of $90.28 and a one year high of $95.97.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.3363 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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).