iShares MBS ETF $MBB Stock Position Reduced by RKL Wealth Management LLC

RKL Wealth Management LLC lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 196,709 shares of the company’s stock after selling 7,709 shares during the quarter. iShares MBS ETF comprises approximately 1.4% of RKL Wealth Management LLC’s holdings, making the stock its 19th largest holding. RKL Wealth Management LLC’s holdings in iShares MBS ETF were worth $17,629,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in shares of iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in iShares MBS ETF during the third quarter valued at $153,345,000. Rockland Trust Co. bought a new position in iShares MBS ETF during the third quarter valued at $59,468,000. Avidian Wealth Enterprises LLC bought a new position in iShares MBS ETF during the third quarter valued at $39,361,000. Finally, Bangor Savings Bank bought a new position in iShares MBS ETF during the third quarter valued at $38,457,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB traded down $0.07 on Friday, reaching $90.52. The company’s stock had a trading volume of 2,630,289 shares, compared to its average volume of 3,225,338. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96. The company has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $93.32.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. The ex-dividend date was Thursday, October 1st. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).