Sequoia Financial Advisors LLC Trims Stock Position in iShares MBS ETF $MBB

Sequoia Financial Advisors LLC cut its holdings in iShares MBS ETF (NASDAQ:MBB) by 28.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,156 shares of the company’s stock after selling 9,554 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $2,294,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can raised its position in iShares MBS ETF by 102.6% in the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock valued at $274,569,000 after purchasing an additional 1,460,545 shares during the period. LPL Financial LLC grew its holdings in shares of iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the period. Renaissancere Holdings Ltd. increased its position in shares of iShares MBS ETF by 34.9% during the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after purchasing an additional 997,000 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in shares of iShares MBS ETF by 1,599.6% during the 4th quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock worth $81,050,000 after purchasing an additional 801,103 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of iShares MBS ETF by 116.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,443,343 shares of the company’s stock worth $137,435,000 after purchasing an additional 775,245 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $93.67 on Wednesday. The company’s 50-day moving average price is $94.21 and its 200 day moving average price is $94.99. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares MBS ETF Company 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).