Balance Wealth LLC Sells 10,706 Shares of iShares MBS ETF $MBB

Balance Wealth LLC lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 51.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 10,039 shares of the company’s stock after selling 10,706 shares during the quarter. Balance Wealth LLC’s holdings in iShares MBS ETF were worth $943,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. LRI Investments LLC bought a new position in shares of iShares MBS ETF during the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new stake in iShares MBS ETF during the first quarter valued at $31,000. Tsfg LLC lifted its position in iShares MBS ETF by 106.8% during the second quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the last quarter. Flaharty Asset Management LLC bought a new position in iShares MBS ETF during the first quarter valued at $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of iShares MBS ETF by 317.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after buying an additional 295 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $95.14 on Friday. The company’s 50-day moving average price is $95.45 and its 200-day moving average price is $94.16. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.25.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, December 1st were paid a dividend of $0.3469 per share. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.34. This represents a c) annualized dividend and a yield of 4.4%.

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).