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IFP Advisors Inc reduced its position in iShares MBS ETF (NASDAQ:MBB) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,365 shares of the company’s stock after selling 5,503 shares during the quarter. IFP Advisors Inc’s holdings in iShares MBS ETF were worth $2,022,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. Cypress Wealth Services LLC purchased a new stake in iShares MBS ETF during the fourth quarter worth approximately $333,000. Dfpg Investments Inc. purchased a new stake in iShares MBS ETF during the fourth quarter worth approximately $236,000. Proffitt & Goodson Inc. purchased a new stake in iShares MBS ETF during the fourth quarter worth approximately $3,676,000. NewSquare Capital LLC lifted its stake in iShares MBS ETF by 2.3% during the fourth quarter. NewSquare Capital LLC now owns 102,059 shares of the company’s stock worth $10,681,000 after purchasing an additional 2,328 shares during the last quarter. Finally, PFS Investments Inc. lifted its stake in iShares MBS ETF by 6.0% during the fourth quarter. PFS Investments Inc. now owns 234,096 shares of the company’s stock worth $24,510,000 after purchasing an additional 13,299 shares during the last quarter.
MBB stock traded up $0.02 during trading on Friday, hitting $105.08. 1,307,911 shares of the company’s stock were exchanged, compared to its average volume of 2,158,313. iShares MBS ETF has a 52-week low of $101.75 and a 52-week high of $105.51.
The firm also recently announced a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were paid a dividend of $0.29 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, February 1st. This represents a $3.48 annualized dividend and a yield of 3.31%.
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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).
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