Oppenheimer & Co. Inc. Has $1.35 Million Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Oppenheimer & Co. Inc. trimmed its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 14.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,034 shares of the company’s stock after selling 2,388 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares MBS ETF were worth $1,345,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. St. Johns Investment Management Company LLC acquired a new position in iShares MBS ETF in the 3rd quarter valued at approximately $30,000. Chris Bulman Inc acquired a new position in iShares MBS ETF in the 2nd quarter valued at approximately $31,000. Rothschild Investment LLC acquired a new position in iShares MBS ETF in the 2nd quarter valued at approximately $33,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF in the 3rd quarter valued at approximately $33,000. Finally, PSI Advisors LLC increased its position in iShares MBS ETF by 2,289.5% in the 2nd quarter. PSI Advisors LLC now owns 454 shares of the company’s stock valued at $42,000 after acquiring an additional 435 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $92.23 on Tuesday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The firm has a 50 day moving average price of $94.33 and a two-hundred day moving average price of $93.40.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a $0.3099 dividend. The ex-dividend date of this dividend was Friday, November 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).