TRUE Private Wealth Advisors Reduces Stake in iShares MBS ETF (NASDAQ:MBB)

TRUE Private Wealth Advisors lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 6.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,338 shares of the company’s stock after selling 1,492 shares during the quarter. TRUE Private Wealth Advisors’ holdings in iShares MBS ETF were worth $2,196,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Fairfield Bush & CO. purchased a new position in iShares MBS ETF during the 1st quarter worth approximately $33,000. Synovus Financial Corp lifted its position in iShares MBS ETF by 3.8% during the 1st quarter. Synovus Financial Corp now owns 14,266 shares of the company’s stock worth $1,453,000 after acquiring an additional 519 shares during the period. Mackay Shields LLC lifted its position in iShares MBS ETF by 80.0% during the 1st quarter. Mackay Shields LLC now owns 4,927 shares of the company’s stock worth $502,000 after acquiring an additional 2,190 shares during the period. Moors & Cabot Inc. lifted its position in iShares MBS ETF by 9.0% during the 1st quarter. Moors & Cabot Inc. now owns 8,130 shares of the company’s stock worth $828,000 after acquiring an additional 671 shares during the period. Finally, Baird Financial Group Inc. lifted its position in iShares MBS ETF by 15.8% during the 1st quarter. Baird Financial Group Inc. now owns 107,020 shares of the company’s stock worth $10,902,000 after acquiring an additional 14,625 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.3 %

iShares MBS ETF stock traded up $0.26 during mid-day trading on Wednesday, reaching $89.67. 678,863 shares of the company were exchanged, compared to its average volume of 2,545,317. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.70. The firm’s 50-day simple moving average is $91.77 and its two-hundred day simple moving average is $91.12.

iShares MBS ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.39 dividend on an annualized basis and a yield of 3.78%.

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).