Westover Capital Advisors LLC Has $7.75 Million Position in iShares MBS ETF (NASDAQ:MBB)

Westover Capital Advisors LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 56.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,475 shares of the company’s stock after selling 107,327 shares during the quarter. iShares MBS ETF makes up approximately 1.7% of Westover Capital Advisors LLC’s portfolio, making the stock its 14th biggest position. Westover Capital Advisors LLC’s holdings in iShares MBS ETF were worth $7,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ignite Planners LLC raised its position in shares of iShares MBS ETF by 4.9% in the 4th quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock worth $226,000 after acquiring an additional 115 shares in the last quarter. Savvy Advisors Inc. raised its position in shares of iShares MBS ETF by 4.3% in the 3rd quarter. Savvy Advisors Inc. now owns 2,918 shares of the company’s stock worth $280,000 after acquiring an additional 121 shares in the last quarter. Delos Wealth Advisors LLC raised its position in shares of iShares MBS ETF by 4.3% in the 3rd quarter. Delos Wealth Advisors LLC now owns 2,938 shares of the company’s stock worth $281,000 after acquiring an additional 121 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares MBS ETF by 18.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock worth $73,000 after acquiring an additional 125 shares in the last quarter. Finally, Hobbs Group Advisors LLC raised its position in shares of iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock opened at $93.89 on Tuesday. The stock has a 50-day moving average price of $91.98 and a 200-day moving average price of $93.38. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a $0.3204 dividend. The ex-dividend date is Monday, March 3rd.

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).