Proffitt & Goodson Inc. Sells 1,303 Shares of iShares MBS ETF $MBB

Proffitt & Goodson Inc. trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,913 shares of the company’s stock after selling 1,303 shares during the period. iShares MBS ETF comprises 0.6% of Proffitt & Goodson Inc.’s portfolio, making the stock its 24th largest position. Proffitt & Goodson Inc.’s holdings in iShares MBS ETF were worth $4,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sax Wealth Advisors LLC purchased a new position in shares of iShares MBS ETF during the second quarter valued at about $496,000. Watershed Private Wealth LLC increased its position in shares of iShares MBS ETF by 1.5% during the second quarter. Watershed Private Wealth LLC now owns 9,458 shares of the company’s stock valued at $888,000 after buying an additional 137 shares during the period. Bellevue Asset Management LLC increased its position in shares of iShares MBS ETF by 2,752.6% during the second quarter. Bellevue Asset Management LLC now owns 1,084 shares of the company’s stock valued at $102,000 after buying an additional 1,046 shares during the period. Tyche Wealth Partners LLC purchased a new position in shares of iShares MBS ETF during the second quarter valued at about $605,000. Finally, Bingham Private Wealth LLC increased its position in shares of iShares MBS ETF by 8.3% during the second quarter. Bingham Private Wealth LLC now owns 19,292 shares of the company’s stock valued at $1,811,000 after buying an additional 1,485 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Up 0.2%

Shares of NASDAQ MBB opened at $95.10 on Wednesday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $95.97. The company’s 50-day moving average is $94.44 and its 200 day moving average is $93.35.

iShares MBS ETF Cuts Dividend

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

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).