Schmidt P J Investment Management Inc. Trims Stake in iShares MBS ETF $MBB

Schmidt P J Investment Management Inc. trimmed its stake in iShares MBS ETF (NASDAQ:MBB) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,435 shares of the company’s stock after selling 240 shares during the period. Schmidt P J Investment Management Inc.’s holdings in iShares MBS ETF were worth $510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC purchased a new stake in shares of iShares MBS ETF in the 2nd quarter worth $30,000. Headlands Technologies LLC purchased a new stake in shares of iShares MBS ETF in the 1st quarter worth $31,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares MBS ETF in the 1st quarter worth $34,000. MassMutual Private Wealth & Trust FSB lifted its holdings in iShares MBS ETF by 317.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares in the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in iShares MBS ETF during the first quarter valued at approximately $38,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.2%

Shares of NASDAQ:MBB opened at $96.04 on Monday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.20. The firm’s 50 day simple moving average is $94.98 and its two-hundred day simple moving average is $93.56.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.3363 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.2%.

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).