Liberty Wealth Management LLC Cuts Holdings in iShares MBS ETF $MBB

Liberty Wealth Management LLC lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 76.0% in the 2nd quarter, Holdings Channel reports. The firm owned 53,316 shares of the company’s stock after selling 168,419 shares during the period. Liberty Wealth Management LLC’s holdings in iShares MBS ETF were worth $5,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC bought a new position in iShares MBS ETF during the 4th quarter valued at about $273,000. Jaffetilchin Investment Partners LLC raised its holdings in shares of iShares MBS ETF by 5.5% during the first quarter. Jaffetilchin Investment Partners LLC now owns 3,745 shares of the company’s stock valued at $351,000 after purchasing an additional 195 shares during the last quarter. Golden State Wealth Management LLC lifted its position in iShares MBS ETF by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock valued at $375,000 after purchasing an additional 1,410 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in iShares MBS ETF by 0.7% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,145,987 shares of the company’s stock valued at $107,471,000 after purchasing an additional 7,974 shares during the period. Finally, Sovran Advisors LLC boosted its holdings in iShares MBS ETF by 1.0% in the first quarter. Sovran Advisors LLC now owns 44,251 shares of the company’s stock worth $4,092,000 after purchasing an additional 430 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.2%

NASDAQ:MBB opened at $96.04 on Monday. The company has a 50 day simple moving average of $94.98 and a two-hundred day simple moving average of $93.56. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.20.

iShares MBS ETF Cuts Dividend

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

About iShares MBS ETF

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).