Prime Capital Investment Advisors LLC Sells 771,605 Shares of iShares MBS ETF $MBB

Prime Capital Investment Advisors LLC lowered its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 91.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 74,849 shares of the company’s stock after selling 771,605 shares during the period. Prime Capital Investment Advisors LLC’s holdings in iShares MBS ETF were worth $6,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in shares of 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 worth $2,921,648,000 after purchasing an additional 2,006,656 shares during the period. Ferguson Wellman Capital Management Inc. bought a new position in iShares MBS ETF in the third quarter worth approximately $153,345,000. Rockland Trust Co. bought a new position in shares of iShares MBS ETF in the 3rd quarter worth $59,468,000. Avidian Wealth Enterprises LLC bought a new position in shares of iShares MBS ETF in the third quarter valued at $39,361,000. Finally, Bangor Savings Bank bought a new position in iShares MBS ETF in the 3rd quarter valued at about $38,457,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.3%

Shares of NASDAQ:MBB opened at $90.49 on Wednesday. The business’s 50 day moving average is $91.48 and its 200 day moving average is $93.25. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.3662 per share. This represents a $4.39 annualized dividend and a yield of 4.9%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date was Thursday, October 1st.

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).