Lodestar Private Asset Management LLC Cuts Holdings in iShares MBS ETF (NASDAQ:MBB)

Lodestar Private Asset Management LLC lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 1.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 20,409 shares of the company’s stock after selling 284 shares during the quarter. Lodestar Private Asset Management LLC’s holdings in iShares MBS ETF were worth $1,871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBB. Fairvoy Private Wealth LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter valued at $462,000. Sumitomo Mitsui Trust Group Inc. raised its position in iShares MBS ETF by 4.0% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,138,013 shares of the company’s stock valued at $104,333,000 after purchasing an additional 43,250 shares during the period. Financial Advocates Investment Management lifted its stake in shares of iShares MBS ETF by 27.4% during the fourth quarter. Financial Advocates Investment Management now owns 128,934 shares of the company’s stock worth $11,821,000 after purchasing an additional 27,734 shares in the last quarter. Beacon Financial Advisory LLC boosted its position in shares of iShares MBS ETF by 25.0% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,716 shares of the company’s stock worth $707,000 after buying an additional 1,543 shares during the period. Finally, Choreo LLC grew its stake in shares of iShares MBS ETF by 6.1% in the fourth quarter. Choreo LLC now owns 73,354 shares of the company’s stock valued at $6,728,000 after buying an additional 4,239 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $92.39 on Friday. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The stock’s 50 day moving average price is $92.06 and its 200 day moving average price is $93.54.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.3414 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).