Cahaba Wealth Management Inc. Sells 501 Shares of iShares MBS ETF (NASDAQ:MBB)

Cahaba Wealth Management Inc. cut its position in iShares MBS ETF (NASDAQ:MBB) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,766 shares of the company’s stock after selling 501 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in iShares MBS ETF were worth $552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MBB. American National Bank bought a new stake in iShares MBS ETF in the 1st quarter valued at $76,000. International Assets Investment Management LLC lifted its position in shares of iShares MBS ETF by 11.1% during the 1st quarter. International Assets Investment Management LLC now owns 7,849 shares of the company’s stock valued at $719,000 after acquiring an additional 785 shares during the period. Bangor Savings Bank lifted its position in shares of iShares MBS ETF by 25.5% during the 1st quarter. Bangor Savings Bank now owns 233,120 shares of the company’s stock valued at $21,545,000 after acquiring an additional 47,318 shares during the period. Security Financial Services INC. lifted its position in shares of iShares MBS ETF by 25.4% during the 1st quarter. Security Financial Services INC. now owns 105,015 shares of the company’s stock valued at $9,705,000 after acquiring an additional 21,260 shares during the period. Finally, Range Financial Group LLC lifted its position in shares of iShares MBS ETF by 8.4% during the 1st quarter. Range Financial Group LLC now owns 9,206 shares of the company’s stock valued at $851,000 after acquiring an additional 712 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB traded up $0.07 during trading on Friday, reaching $94.13. 2,747,966 shares of the company traded hands, compared to its average volume of 2,297,601. The company’s 50 day moving average is $95.38 and its two-hundred day moving average is $92.99. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $96.76.

iShares MBS ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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).