iShares MBS ETF $MBB Stock: Cypress Wealth Services LLC Cuts Stake

Cypress Wealth Services LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 85.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,743 shares of the company’s stock after selling 52,671 shares during the quarter. Cypress Wealth Services LLC’s holdings in iShares MBS ETF were worth $781,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MBB. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of iShares MBS ETF by 5.9% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 20,916 shares of the company’s stock valued at $1,875,000 after acquiring an additional 1,158 shares in the last quarter. Arvest Investments Inc. purchased a new position in shares of iShares MBS ETF during the third quarter worth about $21,273,000. Fifth Third Securities Inc. grew its holdings in shares of iShares MBS ETF by 54.2% during the third quarter. Fifth Third Securities Inc. now owns 10,365 shares of the company’s stock worth $929,000 after purchasing an additional 3,643 shares in the last quarter. Sowell Financial Services LLC increased its position in shares of iShares MBS ETF by 12.3% in the third quarter. Sowell Financial Services LLC now owns 24,020 shares of the company’s stock worth $2,153,000 after purchasing an additional 2,627 shares during the last quarter. Finally, Carnegie Investment Counsel bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $22,639,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.1%

Shares of MBB opened at $90.54 on Thursday. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96. The firm’s 50 day simple moving average is $91.43 and its 200 day simple moving average is $93.22.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).