Vernal Point Advisors LLC Cuts Holdings in iShares MBS ETF $MBB

Vernal Point Advisors LLC cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 67.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,169 shares of the company’s stock after selling 6,626 shares during the quarter. iShares MBS ETF makes up about 0.1% of Vernal Point Advisors LLC’s holdings, making the stock its 20th biggest position. Vernal Point Advisors LLC’s holdings in iShares MBS ETF were worth $302,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dakota Wealth Management boosted its holdings in iShares MBS ETF by 20.9% during the third quarter. Dakota Wealth Management now owns 363,649 shares of the company’s stock worth $34,601,000 after purchasing an additional 62,909 shares during the last quarter. Brookstone Capital Management boosted its holdings in iShares MBS ETF by 3.2% during the fourth quarter. Brookstone Capital Management now owns 308,428 shares of the company’s stock worth $29,368,000 after purchasing an additional 9,547 shares during the last quarter. Argent Trust Co boosted its holdings in iShares MBS ETF by 233.6% during the third quarter. Argent Trust Co now owns 9,790 shares of the company’s stock worth $932,000 after purchasing an additional 6,855 shares during the last quarter. Dearborn Partners LLC purchased a new position in iShares MBS ETF during the third quarter worth about $539,000. Finally, Compound Planning Inc. boosted its holdings in iShares MBS ETF by 12.6% during the third quarter. Compound Planning Inc. now owns 125,204 shares of the company’s stock worth $11,913,000 after purchasing an additional 13,979 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of MBB stock opened at $94.38 on Monday. iShares MBS ETF has a 52 week low of $92.38 and a 52 week high of $96.96. The firm’s 50-day simple moving average is $94.56 and its two-hundred day simple moving average is $95.15.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.3334 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.2%.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).