iShares MBS ETF $MBB Stock: Lido Advisors LLC Cuts Stake

Lido Advisors LLC reduced its position in shares of iShares MBS ETF (NASDAQ:MBB) by 22.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,810 shares of the company’s stock after selling 66,404 shares during the quarter. Lido Advisors LLC owned 0.06% of iShares MBS ETF worth $20,596,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Shelter Ins Retirement Plan bought a new position in shares of iShares MBS ETF in the 2nd quarter worth approximately $12,335,042,000. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares during the last quarter. PNC Financial Services Group Inc. grew its position in iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after buying an additional 106,144 shares during the period. Midland Wealth Advisors LLC grew its position in iShares MBS ETF by 26.9% during the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock valued at $286,481,000 after buying an additional 677,722 shares during the period. Finally, Bank of New York Mellon Corp grew its position in iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after buying an additional 201,354 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1%

Shares of MBB stock opened at $91.11 on Thursday. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96. The company has a 50 day simple moving average of $90.95 and a two-hundred day simple moving average of $93.63.

iShares MBS ETF Cuts Dividend

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

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).