C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors reduced its holdings in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 97.5% in the third quarter, Holdings Channel.com reports. The fund owned 4,879 shares of the company’s stock after selling 188,356 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in iShares MBS ETF were worth $437,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Shelter Ins Retirement Plan bought a new position in shares of iShares MBS ETF in the second quarter worth about $12,335,042,000. Envestnet Asset Management Inc. grew its stake in iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after acquiring an additional 106,144 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after acquiring an additional 201,354 shares during the period. Finally, Sei Investments Co. increased its position in shares of iShares MBS ETF by 5.2% during the first quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock worth $208,335,000 after acquiring an additional 108,361 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.
iShares MBS ETF Trading Down 0.1%
Shares of MBB stock opened at $90.52 on Friday. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96. The stock has a fifty day simple moving average of $91.58 and a two-hundred day simple moving average of $93.32.
iShares MBS ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3662 dividend. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.
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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).
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