Boltwood Capital Management Cuts Stake in iShares MBS ETF (NASDAQ:MBB)

Boltwood Capital Management lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 2.3% during the first quarter, Holdings Channel.com reports. The firm owned 133,985 shares of the company’s stock after selling 3,137 shares during the period. iShares MBS ETF accounts for about 3.8% of Boltwood Capital Management’s portfolio, making the stock its 4th biggest position. Boltwood Capital Management’s holdings in iShares MBS ETF were worth $12,565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Fermata Advisors LLC boosted its position in shares of iShares MBS ETF by 94.8% during the 1st quarter. Fermata Advisors LLC now owns 25,343 shares of the company’s stock worth $2,377,000 after purchasing an additional 12,334 shares in the last quarter. Naples Global Advisors LLC lifted its position in iShares MBS ETF by 20.7% in the 1st quarter. Naples Global Advisors LLC now owns 18,645 shares of the company’s stock valued at $1,749,000 after acquiring an additional 3,199 shares in the last quarter. Beacon Financial Group lifted its position in iShares MBS ETF by 1.1% in the 1st quarter. Beacon Financial Group now owns 62,063 shares of the company’s stock valued at $5,820,000 after acquiring an additional 688 shares in the last quarter. Northside Capital Management LLC lifted its position in iShares MBS ETF by 2.7% in the 1st quarter. Northside Capital Management LLC now owns 222,308 shares of the company’s stock valued at $20,848,000 after acquiring an additional 5,842 shares in the last quarter. Finally, Lakeshore Capital Group Inc. bought a new position in iShares MBS ETF in the 1st quarter valued at about $1,423,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.7%

Shares of NASDAQ MBB opened at $92.58 on Thursday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.76. The firm’s 50-day simple moving average is $92.60 and its 200 day simple moving average is $92.53.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, June 2nd will be given a $0.3251 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $3.90 annualized dividend and a yield of 4.21%.

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).