HBW Advisory Services LLC Sells 671 Shares of iShares MBS ETF (NASDAQ:MBB)

HBW Advisory Services LLC cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 21.7% in the second quarter, Holdings Channel reports. The institutional investor owned 2,415 shares of the company’s stock after selling 671 shares during the period. HBW Advisory Services LLC’s holdings in iShares MBS ETF were worth $222,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MBB. First International Bank & Trust boosted its position in iShares MBS ETF by 5.7% during the second quarter. First International Bank & Trust now owns 5,154 shares of the company’s stock valued at $473,000 after purchasing an additional 277 shares during the last quarter. Keystone Financial Services boosted its position in iShares MBS ETF by 7.7% during the first quarter. Keystone Financial Services now owns 65,488 shares of the company’s stock valued at $6,052,000 after purchasing an additional 4,695 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in iShares MBS ETF by 701.5% during the first quarter. EverSource Wealth Advisors LLC now owns 91,432 shares of the company’s stock valued at $8,187,000 after purchasing an additional 80,025 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in iShares MBS ETF by 38.0% during the first quarter. Westwood Holdings Group Inc. now owns 8,995 shares of the company’s stock valued at $831,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Objective Capital Management LLC acquired a new position in iShares MBS ETF during the first quarter valued at approximately $226,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

NASDAQ MBB traded down $0.58 during trading hours on Tuesday, hitting $94.50. 2,767,259 shares of the company traded hands, compared to its average volume of 2,343,540. The business’s 50-day moving average is $92.37 and its 200-day moving average is $91.85. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.85.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be given a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.92%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date is Thursday, August 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).