Envestnet Portfolio Solutions Inc. Sells 194,087 Shares of iShares MBS ETF $MBB

Envestnet Portfolio Solutions Inc. cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 9.3% during the second quarter, HoldingsChannel reports. The firm owned 1,887,625 shares of the company’s stock after selling 194,087 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares MBS ETF were worth $177,229,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC raised its position in iShares MBS ETF by 11.0% during the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after purchasing an additional 2,404,586 shares during the period. PNC Financial Services Group Inc. raised its position in iShares MBS ETF by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock valued at $275,669,000 after purchasing an additional 8,399 shares during the period. Renaissancere Holdings Ltd. bought a new position in shares of iShares MBS ETF during the first quarter valued at approximately $267,782,000. Cetera Investment Advisers grew its stake in shares of iShares MBS ETF by 17.5% during the first quarter. Cetera Investment Advisers now owns 1,863,533 shares of the company’s stock valued at $174,762,000 after buying an additional 277,926 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of iShares MBS ETF by 13.0% during the first quarter. Raymond James Financial Inc. now owns 1,421,953 shares of the company’s stock valued at $133,351,000 after buying an additional 163,543 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.4%

MBB opened at $95.28 on Monday. The stock’s 50 day moving average price is $94.55 and its 200-day moving average price is $93.40. iShares MBS ETF has a one year low of $90.28 and a one year high of $95.97.

iShares MBS ETF Cuts Dividend

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

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).