KPP Advisory Services LLC Cuts Holdings in iShares MBS ETF $MBB

KPP Advisory Services LLC trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 3.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,654 shares of the company’s stock after selling 130 shares during the period. KPP Advisory Services LLC’s holdings in iShares MBS ETF were worth $343,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in iShares MBS ETF during the 2nd quarter valued at $30,000. Headlands Technologies LLC purchased a new stake in iShares MBS ETF during the 1st quarter valued at $31,000. Flaharty Asset Management LLC purchased a new stake in iShares MBS ETF during the 1st quarter valued at $34,000. MassMutual Private Wealth & Trust FSB boosted its stake in iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares during the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new stake in iShares MBS ETF during the 1st quarter valued at $38,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

MBB stock opened at $95.85 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.20. The stock’s fifty day moving average price is $94.93 and its 200-day moving average price is $93.53.

iShares MBS ETF Cuts Dividend

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

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).