iShares MBS ETF $MBB Stock: Diversify Advisory Services LLC Trims Holdings

Diversify Advisory Services LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 71.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 22,264 shares of the company’s stock after selling 55,985 shares during the period. Diversify Advisory Services LLC’s holdings in iShares MBS ETF were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MBB. Montgomery Financial Services LLC acquired a new stake in iShares MBS ETF in the 2nd quarter valued at approximately $27,000. Brown Lisle Cummings Inc. bought a new stake in iShares MBS ETF during the 1st quarter valued at $28,000. Field & Main Bank acquired a new position in iShares MBS ETF during the 2nd quarter worth $30,000. Beaird Harris Wealth Management LLC acquired a new position in iShares MBS ETF during the 2nd quarter worth $34,000. Finally, Investors Research Corp boosted its position in iShares MBS ETF by 1,587.0% during the 2nd quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after acquiring an additional 365 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $91.29 on Friday. iShares MBS ETF has a 1 year low of $88.58 and a 1 year high of $96.96. The business has a fifty day moving average of $91.35 and a 200-day moving average of $93.18.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were paid a dividend of $0.3662 per share. This represents a $4.39 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).