iShares MBS ETF $MBB Stock: IFG Advisory LLC Lowers Stake

IFG Advisory LLC lowered its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 160,720 shares of the company’s stock after selling 13,234 shares during the quarter. IFG Advisory LLC’s holdings in iShares MBS ETF were worth $14,404,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Field & Main Bank bought a new position in shares of iShares MBS ETF during the 2nd quarter valued at about $30,000. Montgomery Financial Services LLC bought a new stake in iShares MBS ETF during the 2nd quarter worth approximately $27,000. Addison Advisors LLC bought a new stake in iShares MBS ETF during the 3rd quarter worth approximately $27,000. Bear Mountain Capital Inc. acquired a new stake in iShares MBS ETF during the 3rd quarter worth approximately $32,000. Finally, Beaird Harris Wealth Management LLC acquired a new stake in iShares MBS ETF during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB traded down $0.09 during trading on Friday, reaching $90.36. The company had a trading volume of 2,480,979 shares, compared to its average volume of 3,386,129. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96. The business’s fifty day moving average price is $90.87 and its 200 day moving average price is $93.58.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.3471 per share. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. This represents a $4.17 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, November 2nd.

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). 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).