Buttonwood Financial Group LLC Sells 7,913 Shares of iShares MBS ETF $MBB

Buttonwood Financial Group LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 28.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 20,018 shares of the company’s stock after selling 7,913 shares during the quarter. iShares MBS ETF accounts for about 1.0% of Buttonwood Financial Group LLC’s portfolio, making the stock its 18th largest position. Buttonwood Financial Group LLC’s holdings in iShares MBS ETF were worth $1,918,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Mayflower Financial Advisors LLC lifted its stake in shares of iShares MBS ETF by 8.1% during the 4th quarter. Mayflower Financial Advisors LLC now owns 51,514 shares of the company’s stock worth $4,905,000 after acquiring an additional 3,858 shares during the last quarter. Signal Advisors Wealth LLC grew its position in iShares MBS ETF by 10.3% in the 4th quarter. Signal Advisors Wealth LLC now owns 54,835 shares of the company’s stock valued at $5,221,000 after acquiring an additional 5,117 shares during the last quarter. World Equity Group Inc. increased its stake in iShares MBS ETF by 18.2% in the fourth quarter. World Equity Group Inc. now owns 5,362 shares of the company’s stock worth $511,000 after purchasing an additional 824 shares during the period. Sax Wealth Advisors LLC increased its stake in iShares MBS ETF by 1,286.9% in the fourth quarter. Sax Wealth Advisors LLC now owns 67,527 shares of the company’s stock worth $6,430,000 after purchasing an additional 62,658 shares during the period. Finally, Client 1ST Advisory Group LLC lifted its position in shares of iShares MBS ETF by 22.6% during the fourth quarter. Client 1ST Advisory Group LLC now owns 46,923 shares of the company’s stock worth $4,468,000 after purchasing an additional 8,654 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $94.04 on Friday. The firm has a fifty day moving average price of $95.62 and a 200-day moving average price of $95.46. iShares MBS ETF has a 12-month low of $90.84 and a 12-month high of $96.96.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.3278 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

iShares MBS ETF Company 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).