Renasant Bank Sells 17,239 Shares of iShares MBS ETF $MBB

Renasant Bank decreased its position in iShares MBS ETF (NASDAQ:MBB) by 70.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,105 shares of the company’s stock after selling 17,239 shares during the quarter. Renasant Bank’s holdings in iShares MBS ETF were worth $667,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Creekmur Asset Management LLC grew its holdings in iShares MBS ETF by 21.5% in the 2nd quarter. Creekmur Asset Management LLC now owns 621 shares of the company’s stock valued at $58,000 after buying an additional 110 shares in the last quarter. International Private Wealth Advisors LLC boosted its position in shares of iShares MBS ETF by 2.8% in the second quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock valued at $387,000 after acquiring an additional 114 shares during the period. Midwest Heritage Bank FSB grew its stake in shares of iShares MBS ETF by 4.0% in the second quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock valued at $280,000 after acquiring an additional 116 shares in the last quarter. Legacy Capital Group California Inc. increased its position in iShares MBS ETF by 2.2% during the first quarter. Legacy Capital Group California Inc. now owns 5,495 shares of the company’s stock worth $515,000 after acquiring an additional 118 shares during the period. Finally, Paces Ferry Wealth Advisors LLC raised its stake in iShares MBS ETF by 5.4% in the 1st quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock worth $216,000 after purchasing an additional 119 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $95.65 on Wednesday. The firm has a 50-day moving average price of $95.35 and a two-hundred day moving average price of $93.83. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.25.

iShares MBS ETF Increases Dividend

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

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).