Summit X LLC Cuts Holdings in iShares MBS ETF $MBB

Summit X LLC reduced its holdings in iShares MBS ETF (NASDAQ:MBB) by 41.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,027 shares of the company’s stock after selling 25,156 shares during the quarter. Summit X LLC’s holdings in iShares MBS ETF were worth $3,383,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MBB. Envestnet Asset Management Inc. raised its stake in iShares MBS ETF by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 26,767,449 shares of the company’s stock valued at $2,513,079,000 after purchasing an additional 153,806 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares MBS ETF by 11.0% during the 1st quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after acquiring an additional 2,404,586 shares during the last quarter. TIAA Trust National Association lifted its holdings in shares of iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after acquiring an additional 18,631,536 shares during the period. PNC Financial Services Group Inc. grew its holdings in iShares MBS ETF by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock valued at $275,669,000 after purchasing an additional 8,399 shares during the period. Finally, Renaissancere Holdings Ltd. acquired a new position in iShares MBS ETF during the first quarter worth approximately $267,782,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.1%

Shares of NASDAQ MBB opened at $95.40 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.25. The stock’s 50-day simple moving average is $95.30 and its 200-day simple moving average is $93.79.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 6th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.342 per share. The ex-dividend date was Monday, November 3rd. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a yield of 4.3%.

iShares MBS ETF 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).