SVB Wealth LLC Lowers Stock Position in iShares MBS ETF (NASDAQ:MBB)

SVB Wealth LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 14.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,576 shares of the company’s stock after selling 425 shares during the quarter. SVB Wealth LLC’s holdings in iShares MBS ETF were worth $242,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Simplicity Solutions LLC lifted its position in shares of iShares MBS ETF by 3.6% during the fourth quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock worth $317,000 after purchasing an additional 117 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of iShares MBS ETF by 4.4% during the fourth quarter. CoreCap Advisors LLC now owns 3,353 shares of the company’s stock worth $315,000 after purchasing an additional 142 shares in the last quarter. Ellis Investment Partners LLC lifted its position in shares of iShares MBS ETF by 5.3% during the fourth quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock worth $273,000 after purchasing an additional 146 shares in the last quarter. Proffitt & Goodson Inc. lifted its position in shares of iShares MBS ETF by 0.4% during the fourth quarter. Proffitt & Goodson Inc. now owns 35,782 shares of the company’s stock worth $3,366,000 after purchasing an additional 153 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of iShares MBS ETF by 0.6% during the third quarter. Hsbc Holdings PLC now owns 27,579 shares of the company’s stock worth $2,449,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $89.79 on Tuesday. iShares MBS ETF has a 1 year low of $85.28 and a 1 year high of $95.70. The company’s 50-day simple moving average is $91.58 and its 200-day simple moving average is $91.19.

iShares MBS ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were issued a $0.2827 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.39 annualized dividend and a yield of 3.78%.

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).