iShares MBS ETF $MBB Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in iShares MBS ETF (NASDAQ:MBB) by 30.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,161 shares of the company’s stock after selling 11,863 shares during the period. MGO One Seven LLC’s holdings in iShares MBS ETF were worth $2,434,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MBB. Shelter Ins Retirement Plan acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth about $12,335,042,000. Envestnet Asset Management Inc. raised its holdings in iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after buying an additional 2,006,656 shares during the period. PNC Financial Services Group Inc. lifted its position in iShares MBS ETF by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after buying an additional 106,144 shares during the last quarter. Midland Wealth Advisors LLC lifted its position in iShares MBS ETF by 26.9% in the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock valued at $286,481,000 after buying an additional 677,722 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in iShares MBS ETF by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after buying an additional 201,354 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.2%

Shares of MBB stock opened at $91.53 on Wednesday. The company has a 50-day moving average of $91.13 and a two-hundred day moving average of $93.74. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be paid a $0.3471 dividend. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.6%.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).