Optivise Advisory Services LLC Decreases Holdings in iShares MBS ETF (NASDAQ:MBB)

Optivise Advisory Services LLC trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 5.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,707 shares of the company’s stock after selling 854 shares during the quarter. Optivise Advisory Services LLC’s holdings in iShares MBS ETF were worth $1,285,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Tompkins Financial Corp raised its position in shares of iShares MBS ETF by 51.7% during the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock valued at $30,000 after buying an additional 109 shares in the last quarter. Snowden Capital Advisors LLC raised its position in iShares MBS ETF by 0.3% in the 4th quarter. Snowden Capital Advisors LLC now owns 35,537 shares of the company’s stock worth $3,258,000 after purchasing an additional 115 shares during the period. Fiduciary Trust Co raised its position in iShares MBS ETF by 1.4% in the 4th quarter. Fiduciary Trust Co now owns 10,851 shares of the company’s stock worth $995,000 after purchasing an additional 150 shares during the period. WMG Financial Advisors LLC raised its position in iShares MBS ETF by 4.3% in the 4th quarter. WMG Financial Advisors LLC now owns 3,692 shares of the company’s stock worth $338,000 after purchasing an additional 152 shares during the period. Finally, Sound Income Strategies LLC raised its position in iShares MBS ETF by 7.4% in the 1st quarter. Sound Income Strategies LLC now owns 2,214 shares of the company’s stock worth $208,000 after purchasing an additional 153 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $92.70 on Wednesday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.76. The company’s 50-day moving average is $92.42 and its 200 day moving average is $92.49.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, June 2nd were given a $0.3251 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Monday, June 2nd.

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).