Two West Capital Advisors LLC trimmed its holdings in iShares MBS ETF (NASDAQ:MBB – Free Report) by 80.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,578 shares of the company’s stock after selling 14,411 shares during the quarter. Two West Capital Advisors LLC’s holdings in iShares MBS ETF were worth $320,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in iShares MBS ETF in the 3rd quarter valued at $153,345,000. Rockland Trust Co. bought a new stake in iShares MBS ETF in the 3rd quarter valued at $59,468,000. Avidian Wealth Enterprises LLC bought a new stake in iShares MBS ETF in the 3rd quarter valued at $39,361,000. Finally, Bangor Savings Bank bought a new stake in iShares MBS ETF in the 3rd quarter valued at $38,457,000. 91.70% of the stock is owned by hedge funds and other institutional investors.
iShares MBS ETF Price Performance
MBB opened at $90.59 on Friday. The firm has a 50-day simple moving average of $91.64 and a two-hundred day simple moving average of $93.34. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.
iShares MBS ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.3662 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%.
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). 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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