Cypress Wealth Services LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 85.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,743 shares of the company’s stock after selling 52,671 shares during the period. Cypress Wealth Services LLC’s holdings in iShares MBS ETF were worth $781,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Montgomery Financial Services LLC bought a new stake in iShares MBS ETF during the 2nd quarter worth approximately $27,000. Brown Lisle Cummings Inc. purchased a new stake in shares of iShares MBS ETF in the first quarter worth approximately $28,000. Field & Main Bank purchased a new stake in shares of iShares MBS ETF in the second quarter worth approximately $30,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of iShares MBS ETF in the second quarter worth approximately $34,000. Finally, SHP Wealth Management bought a new position in shares of iShares MBS ETF in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.70% of the company’s stock.
iShares MBS ETF Stock Performance
MBB stock opened at $90.54 on Thursday. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96. The stock’s 50 day moving average is $91.43 and its 200-day moving average is $93.22.
iShares MBS ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This represents a $4.39 annualized dividend and a yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date was Thursday, 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). 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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