Sequoia Financial Advisors LLC Has $1.57 Million Position in iShares MBS ETF $MBB

Sequoia Financial Advisors LLC lowered its position in iShares MBS ETF (NASDAQ:MBB) by 31.4% in the second quarter, Holdings Channel.com reports. The fund owned 16,573 shares of the company’s stock after selling 7,583 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $1,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MBB. Tidal Investments LLC boosted its stake in iShares MBS ETF by 47.1% in the 2nd quarter. Tidal Investments LLC now owns 29,567 shares of the company’s stock valued at $2,785,000 after buying an additional 9,461 shares in the last quarter. Capital Analysts LLC grew its holdings in iShares MBS ETF by 21.6% during the 2nd quarter. Capital Analysts LLC now owns 82,871 shares of the company’s stock worth $7,833,000 after acquiring an additional 14,709 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of iShares MBS ETF by 3.6% during the second quarter. Integrated Wealth Concepts LLC now owns 175,469 shares of the company’s stock valued at $16,585,000 after purchasing an additional 6,131 shares during the last quarter. NewEdge Advisors LLC boosted its position in iShares MBS ETF by 20.5% in the 2nd quarter. NewEdge Advisors LLC now owns 984,369 shares of the company’s stock valued at $93,043,000 after buying an additional 167,127 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of iShares MBS ETF by 5.1% during the 2nd quarter. Squarepoint Ops LLC now owns 2,843 shares of the company’s stock worth $269,000 after buying an additional 139 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $91.24 on Wednesday. The business has a 50-day moving average of $93.06 and a 200-day moving average of $94.14. iShares MBS ETF has a 1 year low of $91.02 and a 1 year high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.3388 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.5%.

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).