Robertson Stephens Wealth Management LLC Has $1.52 Million Holdings in iShares MBS ETF (NASDAQ:MBB)

Robertson Stephens Wealth Management LLC reduced its holdings in iShares MBS ETF (NASDAQ:MBB) by 16.6% during the 4th quarter, Holdings Channel reports. The fund owned 16,110 shares of the company’s stock after selling 3,211 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,516,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Financial LLC raised its position in iShares MBS ETF by 9.0% in the 4th quarter. Summit Financial LLC now owns 5,928 shares of the company’s stock worth $558,000 after purchasing an additional 487 shares during the last quarter. Hexagon Capital Partners LLC raised its position in iShares MBS ETF by 98.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 10,751 shares of the company’s stock worth $1,011,000 after purchasing an additional 5,326 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in iShares MBS ETF by 33.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 28,379 shares of the company’s stock worth $2,670,000 after purchasing an additional 7,057 shares during the last quarter. Choreo LLC raised its position in iShares MBS ETF by 41.0% in the 4th quarter. Choreo LLC now owns 59,810 shares of the company’s stock worth $5,627,000 after purchasing an additional 17,381 shares during the last quarter. Finally, Mather Group LLC. raised its position in iShares MBS ETF by 17.5% in the 4th quarter. Mather Group LLC. now owns 77,910 shares of the company’s stock worth $7,330,000 after purchasing an additional 11,579 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

MBB stock traded up $0.11 during trading on Thursday, hitting $89.87. The company had a trading volume of 377,632 shares, compared to its average volume of 2,654,336. The firm has a 50-day moving average price of $91.32 and a 200-day moving average price of $91.25. iShares MBS ETF has a 12 month low of $85.28 and a 12 month high of $95.70.

iShares MBS ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a dividend of $0.2823 per share. This represents a $3.39 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend is Wednesday, May 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).