Horizon Investments LLC Trims Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Horizon Investments LLC trimmed its holdings in iShares MBS ETF (NASDAQ:MBB) by 45.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,757 shares of the company’s stock after selling 1,439 shares during the quarter. Horizon Investments LLC’s holdings in iShares MBS ETF were worth $160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Hobbs Group Advisors LLC grew its position in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of iShares MBS ETF during the 4th quarter valued at $36,000. Key Financial Inc grew its position in shares of iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 422 shares in the last quarter. Activest Wealth Management purchased a new position in shares of iShares MBS ETF during the 4th quarter valued at $58,000. Finally, CENTRAL TRUST Co grew its position in shares of iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after purchasing an additional 189 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

MBB opened at $93.61 on Friday. The company has a fifty day moving average price of $92.46 and a 200-day moving average price of $93.23. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).