NewSquare Capital LLC Lowers Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

NewSquare Capital LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 171,599 shares of the company’s stock after selling 1,443 shares during the quarter. iShares MBS ETF makes up approximately 1.3% of NewSquare Capital LLC’s holdings, making the stock its 21st biggest holding. NewSquare Capital LLC’s holdings in iShares MBS ETF were worth $15,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hobbs Group Advisors LLC increased its holdings in iShares MBS ETF by 115.5% during the 3rd 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. MeadowBrook Investment Advisors LLC grew its position in shares of 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 buying an additional 306 shares in the last quarter. Key Financial Inc increased its stake in shares of iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares during the period. Activest Wealth Management purchased a new position in shares of iShares MBS ETF during the fourth quarter valued at $58,000. Finally, CENTRAL TRUST Co raised its holdings in shares of iShares MBS ETF by 41.4% in the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after acquiring an additional 189 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.3 %

Shares of iShares MBS ETF stock opened at $93.61 on Wednesday. The firm’s 50-day moving average is $92.02 and its two-hundred day moving average is $93.37. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.3204 per share. The ex-dividend date is Monday, March 3rd.

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).