Dynasty Wealth Management LLC Lowers Position in iShares MBS ETF $MBB

Dynasty Wealth Management LLC trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 11.6% in the fourth quarter, Holdings Channel reports. The firm owned 1,457,076 shares of the company’s stock after selling 192,070 shares during the period. iShares MBS ETF comprises 1.4% of Dynasty Wealth Management LLC’s investment portfolio, making the stock its 21st largest holding. Dynasty Wealth Management LLC’s holdings in iShares MBS ETF were worth $138,743,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in iShares MBS ETF during the fourth quarter worth about $273,000. AQR Capital Management LLC raised its stake in shares of iShares MBS ETF by 11.4% in the 1st quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock valued at $950,000 after acquiring an additional 1,034 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of iShares MBS ETF by 13.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock valued at $35,521,000 after acquiring an additional 43,527 shares during the period. Invesco Ltd. raised its stake in shares of iShares MBS ETF by 2.5% in the 2nd quarter. Invesco Ltd. now owns 11,446 shares of the company’s stock valued at $1,075,000 after acquiring an additional 279 shares during the period. Finally, Flow Traders U.S. LLC acquired a new position in shares of iShares MBS ETF in the 2nd quarter worth approximately $240,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $94.32 on Wednesday. The company has a 50 day moving average price of $94.63 and a 200 day moving average price of $95.23. iShares MBS ETF has a fifty-two week low of $91.56 and a fifty-two week high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.3334 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, June 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).