Vermillion & White Wealth Management Group LLC Trims Stock Position in iShares MBS ETF (NASDAQ:MBB)

Vermillion & White Wealth Management Group LLC cut its stake in iShares MBS ETF (NASDAQ:MBB) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,422 shares of the company’s stock after selling 238 shares during the quarter. Vermillion & White Wealth Management Group LLC’s holdings in iShares MBS ETF were worth $497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $36,000. Key Financial Inc raised its holdings in shares of iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares during the last quarter. Activest Wealth Management purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $58,000. CENTRAL TRUST Co raised its holdings in shares of iShares MBS ETF by 41.4% in the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the last quarter. Finally, Tucker Asset Management LLC raised its holdings in shares of iShares MBS ETF by 74.5% in the fourth quarter. Tucker Asset Management LLC now owns 670 shares of the company’s stock valued at $61,000 after buying an additional 286 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.0%

Shares of NASDAQ:MBB opened at $92.37 on Monday. The company has a 50-day simple moving average of $92.92 and a 200-day simple moving average of $92.57. iShares MBS ETF has a one year low of $90.03 and a one year high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.3255 dividend. This represents a $3.91 dividend on an annualized basis and a dividend yield of 4.23%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 1st.

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).