Stratos Wealth Partners LTD. Sells 18,190 Shares of iShares MBS ETF (NASDAQ:MBB)

Stratos Wealth Partners LTD. lowered its position in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 59.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,661 shares of the company’s stock after selling 18,190 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in iShares MBS ETF were worth $1,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV bought a new stake in iShares MBS ETF in the fourth quarter valued at about $28,000. Fairfield Bush & CO. bought a new stake in iShares MBS ETF in the first quarter valued at about $33,000. Thompson Investment Management Inc. bought a new stake in iShares MBS ETF in the first quarter valued at about $37,000. Fortis Capital Advisors LLC bought a new stake in iShares MBS ETF in the fourth quarter valued at about $41,000. Finally, First Manhattan Co. increased its holdings in iShares MBS ETF by 2,100.0% in the first quarter. First Manhattan Co. now owns 550 shares of the company’s stock valued at $56,000 after purchasing an additional 525 shares during the last quarter. Institutional investors own 86.23% of the company’s stock.

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iShares MBS ETF Trading Down 0.6 %

NASDAQ MBB opened at $93.24 on Monday. The stock has a 50-day simple moving average of $93.24 and a 200 day simple moving average of $94.17. iShares MBS ETF has a 12 month low of $88.00 and a 12 month high of $100.61.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 10th. Shareholders of record on Wednesday, July 5th were issued a $0.2641 dividend. The ex-dividend date was Monday, July 3rd. This represents a $3.17 annualized dividend and a dividend yield of 3.40%.

iShares MBS ETF Profile

(Free Report)

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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