Sheets Smith Wealth Management Reduces Holdings in iShares MBS ETF (NASDAQ:MBB)

Sheets Smith Wealth Management reduced its position in iShares MBS ETF (NASDAQ:MBB) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,087 shares of the company’s stock after selling 281 shares during the period. Sheets Smith Wealth Management’s holdings in iShares MBS ETF were worth $2,850,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MBB. Hobbs Group Advisors LLC raised its holdings in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF during the third quarter valued at approximately $30,000. Godsey & Gibb Inc. acquired a new stake in shares of iShares MBS ETF in the third quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC increased its holdings in shares of iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after acquiring an additional 333 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $91.92 on Wednesday. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The stock’s 50 day moving average price is $92.21 and its 200 day moving average price is $93.61.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).