Tortoise Investment Management LLC Trims Stock Position in iShares MBS ETF (NASDAQ:MBB)

Tortoise Investment Management LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 15.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 116,649 shares of the company’s stock after selling 21,116 shares during the quarter. Tortoise Investment Management LLC’s holdings in iShares MBS ETF were worth $10,694,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC raised its holdings in shares of iShares MBS ETF by 115.5% in 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 raised its holdings in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the period. Key Financial Inc raised its holdings in shares of iShares MBS ETF by 4,220.0% in the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 422 shares during the period. Activest Wealth Management purchased a new position in shares of iShares MBS ETF in the 4th quarter worth about $58,000. Finally, CENTRAL TRUST Co raised its holdings in shares of iShares MBS ETF by 41.4% in the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.13 on Monday. The stock’s 50-day moving average is $92.13 and its 200-day moving average is $93.33. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

iShares MBS ETF Company 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).