iShares MBS ETF $MBB Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in iShares MBS ETF (NASDAQ:MBB) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,690 shares of the company’s stock after selling 21,807 shares during the period. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $32,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MBB. Delos Wealth Advisors LLC acquired a new position in shares of iShares MBS ETF during the second quarter valued at approximately $26,000. Howe & Rusling Inc. boosted its stake in iShares MBS ETF by 184.0% during the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after purchasing an additional 184 shares in the last quarter. Westfuller Advisors LLC bought a new position in iShares MBS ETF during the 3rd quarter valued at $33,000. Wealth Watch Advisors INC acquired a new position in shares of iShares MBS ETF during the 3rd quarter valued at $35,000. Finally, Evolution Wealth Management Inc. bought a new stake in shares of iShares MBS ETF in the 2nd quarter worth $39,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of iShares MBS ETF stock opened at $95.10 on Friday. The business has a fifty day simple moving average of $95.76 and a 200-day simple moving average of $95.46. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.3278 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

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).