Lakeshore Capital Group Inc. Sells 194 Shares of iShares MBS ETF $MBB

Lakeshore Capital Group Inc. cut its stake in iShares MBS ETF (NASDAQ:MBB) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 14,977 shares of the company’s stock after selling 194 shares during the period. iShares MBS ETF accounts for 1.2% of Lakeshore Capital Group Inc.’s holdings, making the stock its 24th largest position. Lakeshore Capital Group Inc.’s holdings in iShares MBS ETF were worth $1,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MBB. Renaissancere Holdings Ltd. bought a new position in shares of iShares MBS ETF in the first quarter worth about $267,782,000. LPL Financial LLC raised its stake in shares of iShares MBS ETF by 11.0% during the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock worth $2,275,347,000 after buying an additional 2,404,586 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of iShares MBS ETF during the first quarter worth approximately $98,713,000. Jane Street Group LLC raised its stake in shares of iShares MBS ETF by 2,142.6% during the first quarter. Jane Street Group LLC now owns 949,675 shares of the company’s stock worth $89,061,000 after buying an additional 907,328 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of iShares MBS ETF by 2,003.0% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 941,711 shares of the company’s stock worth $88,314,000 after buying an additional 896,932 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $95.10 on Wednesday. The firm has a 50 day simple moving average of $94.44 and a 200 day simple moving average of $93.35. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $95.97.

iShares MBS ETF Cuts Dividend

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

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).