Sequoia Financial Advisors LLC Trims Position in iShares MBS ETF (NASDAQ:MBB)

Sequoia Financial Advisors LLC lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,986 shares of the company’s stock after selling 1,097 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Lineweaver Wealth Advisors LLC raised its holdings in iShares MBS ETF by 4.9% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 138,550 shares of the company’s stock valued at $12,806,000 after buying an additional 6,440 shares during the period. Diversify Advisory Services LLC purchased a new stake in iShares MBS ETF in the 1st quarter valued at about $3,561,000. SWS Partners raised its holdings in iShares MBS ETF by 4.8% in the 1st quarter. SWS Partners now owns 8,202 shares of the company’s stock valued at $758,000 after buying an additional 379 shares during the period. MA Private Wealth increased its stake in iShares MBS ETF by 684.7% during the first quarter. MA Private Wealth now owns 43,329 shares of the company’s stock worth $4,004,000 after purchasing an additional 37,807 shares during the period. Finally, HB Wealth Management LLC purchased a new stake in iShares MBS ETF during the first quarter worth about $272,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.7 %

NASDAQ:MBB traded up $0.60 on Friday, reaching $92.24. 1,131,207 shares of the company’s stock were exchanged, compared to its average volume of 2,425,983. The business has a fifty day moving average of $91.42 and a 200-day moving average of $91.93. iShares MBS ETF has a 52-week low of $85.28 and a 52-week high of $94.55.

iShares MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were paid a dividend of $0.3053 per share. The ex-dividend date was Monday, July 1st. This represents a $3.66 dividend on an annualized basis and a yield of 3.97%.

iShares MBS ETF 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).