Concorde Asset Management LLC Cuts Stake in iShares MBS ETF (MBB)

Concorde Asset Management LLC reduced its position in iShares MBS ETF (NASDAQ:MBB) by 7.5% in the third quarter, HoldingsChannel reports. The firm owned 15,280 shares of the company’s stock after selling 1,234 shares during the quarter. iShares MBS ETF makes up 1.5% of Concorde Asset Management LLC’s holdings, making the stock its 11th biggest holding. Concorde Asset Management LLC’s holdings in iShares MBS ETF were worth $1,579,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MBB. Creative Planning raised its position in iShares MBS ETF by 10.2% during the 3rd quarter. Creative Planning now owns 5,375 shares of the company’s stock valued at $555,000 after purchasing an additional 497 shares during the last quarter. Comerica Bank raised its position in iShares MBS ETF by 12.1% during the 2nd quarter. Comerica Bank now owns 5,237 shares of the company’s stock valued at $545,000 after purchasing an additional 566 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in iShares MBS ETF by 1.2% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 55,313 shares of the company’s stock valued at $5,716,000 after purchasing an additional 640 shares during the last quarter. Crabel Capital Management LLC raised its position in iShares MBS ETF by 9.1% during the 2nd quarter. Crabel Capital Management LLC now owns 8,158 shares of the company’s stock valued at $850,000 after purchasing an additional 679 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in iShares MBS ETF by 22.8% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 3,757 shares of the company’s stock valued at $391,000 after purchasing an additional 697 shares during the last quarter.

Shares of NASDAQ:MBB traded down $0.10 during trading on Tuesday, hitting $102.62. The stock had a trading volume of 23,282 shares, compared to its average volume of 628,463. iShares MBS ETF has a 12 month low of $102.04 and a 12 month high of $107.01.



The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were given a $0.2244 dividend. This represents a $2.69 annualized dividend and a dividend yield of 2.62%. The ex-dividend date was Monday, October 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).

Further Reading: Trading Strategy

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Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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