Mach 1 Financial Group LLC Trims Stake in iShares MBS ETF $MBB

Mach 1 Financial Group LLC reduced its position in shares of iShares MBS ETF (NASDAQ:MBB) by 50.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,446 shares of the company’s stock after selling 13,524 shares during the quarter. Mach 1 Financial Group LLC’s holdings in iShares MBS ETF were worth $1,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc boosted its position in iShares MBS ETF by 0.6% during the 4th quarter. IFP Advisors Inc now owns 25,194 shares of the company’s stock valued at $2,399,000 after acquiring an additional 158 shares in the last quarter. Northbridge Financial Group LLC bought a new stake in iShares MBS ETF during the 4th quarter valued at $201,000. PNC Financial Services Group Inc. boosted its position in iShares MBS ETF by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,000,326 shares of the company’s stock valued at $285,691,000 after acquiring an additional 116,135 shares in the last quarter. Gables Capital Management Inc. bought a new stake in iShares MBS ETF during the 4th quarter valued at $155,000. Finally, McKinley Carter Wealth Services Inc. boosted its position in iShares MBS ETF by 44.5% during the 4th quarter. McKinley Carter Wealth Services Inc. now owns 71,740 shares of the company’s stock valued at $6,831,000 after acquiring an additional 22,107 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.7%

Shares of NASDAQ MBB opened at $93.76 on Thursday. The stock’s fifty day simple moving average is $94.77 and its two-hundred day simple moving average is $95.28. iShares MBS ETF has a 12-month low of $91.19 and a 12-month high of $96.96.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.3346 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, May 1st.

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). 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).