Sheets Smith Wealth Management Has $2.85 Million Stake in iShares MBS ETF (NASDAQ:MBB)

Sheets Smith Wealth Management reduced its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,087 shares of the company’s stock after selling 281 shares during the quarter. Sheets Smith Wealth Management’s holdings in iShares MBS ETF were worth $2,850,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MBB. Hobbs Group Advisors LLC increased its position in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new stake in iShares MBS ETF in the 3rd quarter valued at $30,000. Godsey & Gibb Inc. acquired a new position in shares of iShares MBS ETF during the third quarter worth about $33,000. MeadowBrook Investment Advisors LLC boosted its position in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after acquiring an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $91.92 on Wednesday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The business has a 50 day moving average price of $92.21 and a two-hundred day moving average price of $93.61.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

iShares MBS ETF 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).