Collaborative Wealth Managment Inc. Decreases Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Collaborative Wealth Managment Inc. reduced its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 6.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,201 shares of the company’s stock after selling 154 shares during the period. Collaborative Wealth Managment Inc.’s holdings in iShares MBS ETF were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MBB. Hobbs Group Advisors LLC increased its holdings in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. Truvestments Capital LLC purchased a new stake in iShares MBS ETF during the fourth quarter valued at approximately $36,000. Key Financial Inc increased its holdings in 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 last quarter. Activest Wealth Management bought a new position in shares of iShares MBS ETF in the fourth quarter worth approximately $58,000. Finally, CENTRAL TRUST Co boosted its position 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 worth $59,000 after purchasing an additional 189 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.3 %

MBB opened at $93.00 on Friday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The company has a 50 day simple moving average of $92.29 and a two-hundred day simple moving average of $93.27.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).