Robertson Stephens Wealth Management LLC Has $1.15 Million Position in iShares MBS ETF $MBB

Robertson Stephens Wealth Management LLC lessened its position in iShares MBS ETF (NASDAQ:MBB) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,296 shares of the company’s stock after selling 302 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,154,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Private Wealth Advisors LLC increased its stake in shares of iShares MBS ETF by 2.8% in the second quarter. International Private Wealth Advisors LLC now owns 4,120 shares of the company’s stock valued at $387,000 after buying an additional 114 shares during the period. Midwest Heritage Bank FSB increased its stake in shares of iShares MBS ETF by 4.0% in the second quarter. Midwest Heritage Bank FSB now owns 2,982 shares of the company’s stock valued at $280,000 after buying an additional 116 shares during the period. Legacy Capital Group California Inc. increased its stake in shares of iShares MBS ETF by 2.2% in the first quarter. Legacy Capital Group California Inc. now owns 5,495 shares of the company’s stock valued at $515,000 after buying an additional 118 shares during the period. Paces Ferry Wealth Advisors LLC increased its stake in shares of iShares MBS ETF by 5.4% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 2,308 shares of the company’s stock valued at $216,000 after buying an additional 119 shares during the period. Finally, Beacon Capital Management LLC increased its stake in shares of iShares MBS ETF by 35.3% in the second quarter. Beacon Capital Management LLC now owns 460 shares of the company’s stock valued at $43,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $95.28 on Friday. The stock has a 50-day moving average of $94.55 and a 200-day moving average of $93.39. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $95.97.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a $0.3363 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

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).