iShares MBS ETF $MBB Stock Position Trimmed by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 290,234 shares of the company’s stock after selling 13,294 shares during the period. Confluence Investment Management LLC owned approximately 0.07% of iShares MBS ETF worth $26,011,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new position in shares of iShares MBS ETF during the 1st quarter worth $3,512,000. Portfolio Resources Advisor Group Inc. acquired a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $1,436,000. Compass Financial Group Inc. Ohio purchased a new stake in iShares MBS ETF during the fourth quarter worth about $2,274,000. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares in the last quarter. Finally, WealthPoint Financial LLC acquired a new position in iShares MBS ETF during the fourth quarter worth about $1,448,000. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.0%

iShares MBS ETF stock traded down $0.01 during mid-day trading on Thursday, reaching $89.61. The company had a trading volume of 4,027,510 shares, compared to its average volume of 3,031,809. The stock’s 50-day simple moving average is $92.41 and its 200-day simple moving average is $93.73. iShares MBS ETF has a 1 year low of $88.92 and a 1 year high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Investors of record on Thursday, October 1st will be issued a $0.3662 dividend. The ex-dividend date is Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).