Hilltop Holdings Inc. Sells 75,523 Shares of iShares MBS ETF $MBB

Hilltop Holdings Inc. decreased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 40.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,730 shares of the company’s stock after selling 75,523 shares during the period. iShares MBS ETF comprises 0.9% of Hilltop Holdings Inc.’s holdings, making the stock its 17th largest holding. Hilltop Holdings Inc.’s holdings in iShares MBS ETF were worth $10,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MBB. Ferguson Wellman Capital Management Inc. bought a new stake in iShares MBS ETF during the first quarter worth $138,835,000. Bank of Montreal Can boosted its holdings in shares of iShares MBS ETF by 102.6% in the 4th 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 in the last quarter. LPL Financial LLC increased its stake in shares of iShares MBS ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after purchasing an additional 1,104,895 shares during the last quarter. Renaissancere Holdings Ltd. increased its stake in shares of iShares MBS ETF by 34.9% in the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock valued at $366,559,000 after purchasing an additional 997,000 shares during the last quarter. Finally, Beacon Pointe Advisors LLC increased its stake in shares of iShares MBS ETF by 1,599.6% in the 4th quarter. Beacon Pointe Advisors LLC now owns 851,186 shares of the company’s stock valued at $81,050,000 after purchasing an additional 801,103 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $93.11 on Friday. iShares MBS ETF has a 52 week low of $92.43 and a 52 week high of $96.96. The stock has a fifty day moving average of $94.05 and a 200-day moving average of $94.89.

iShares MBS ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date was Wednesday, July 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). 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).