iShares MBS ETF (NASDAQ:MBB) Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC lowered its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 21.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,415 shares of the company’s stock after selling 671 shares during the quarter. HBW Advisory Services LLC’s holdings in iShares MBS ETF were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in shares of iShares MBS ETF by 542.0% in the 1st quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock valued at $779,016,000 after acquiring an additional 7,116,171 shares during the period. Charles Schwab Investment Advisory Inc. increased its holdings in shares of iShares MBS ETF by 25.3% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock valued at $513,762,000 after acquiring an additional 1,102,208 shares during the period. TIAA Trust National Association increased its holdings in shares of iShares MBS ETF by 11.8% in the 1st quarter. TIAA Trust National Association now owns 4,661,182 shares of the company’s stock valued at $431,253,000 after acquiring an additional 493,780 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in iShares MBS ETF by 6.3% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,792,215 shares of the company’s stock valued at $258,056,000 after buying an additional 164,686 shares during the last quarter. Finally, Allworth Financial LP grew its position in iShares MBS ETF by 5.8% in the 1st quarter. Allworth Financial LP now owns 2,777,089 shares of the company’s stock valued at $256,659,000 after buying an additional 152,564 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ:MBB traded down $0.58 during midday trading on Tuesday, reaching $94.50. The stock had a trading volume of 2,767,259 shares, compared to its average volume of 2,343,540. The firm has a fifty day simple moving average of $92.37 and a two-hundred day simple moving average of $91.85. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $95.85.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, August 1st will be given a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.92%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date is Thursday, August 1st.

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).