Allworth Financial LP Trims Stake in iShares MBS ETF $MBB

Allworth Financial LP lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,034,893 shares of the company’s stock after selling 295,696 shares during the quarter. iShares MBS ETF comprises about 1.2% of Allworth Financial LP’s investment portfolio, making the stock its 13th biggest position. Allworth Financial LP’s holdings in iShares MBS ETF were worth $286,858,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. Montgomery Financial Services LLC acquired a new position in shares of iShares MBS ETF in the second quarter worth $27,000. ESL Trust Services LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at $28,000. Brown Lisle Cummings Inc. acquired a new stake in shares of iShares MBS ETF during the first quarter valued at $28,000. Field & Main Bank acquired a new stake in shares of iShares MBS ETF during the second quarter valued at $30,000. Finally, First Community Trust NA purchased a new stake in iShares MBS ETF during the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2%

iShares MBS ETF stock traded down $0.18 during midday trading on Tuesday, reaching $92.53. 1,299,831 shares of the company were exchanged, compared to its average volume of 2,491,380. The firm’s 50-day simple moving average is $93.36 and its 200-day simple moving average is $94.34. iShares MBS ETF has a 1 year low of $92.28 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. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.3388 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

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).