Bay Harbor Wealth Management LLC Sells 4,012 Shares of iShares MBS ETF $MBB

Bay Harbor Wealth Management LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,078 shares of the company’s stock after selling 4,012 shares during the quarter. iShares MBS ETF makes up 1.8% of Bay Harbor Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Bay Harbor Wealth Management LLC’s holdings in iShares MBS ETF were worth $6,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MBB. Brighton Jones LLC bought a new position in shares of iShares MBS ETF during the fourth quarter valued at approximately $273,000. NBC Securities Inc. raised its holdings in iShares MBS ETF by 103,066.7% in the first quarter. NBC Securities Inc. now owns 3,095 shares of the company’s stock worth $290,000 after purchasing an additional 3,092 shares in the last quarter. Curat Global LLC bought a new position in iShares MBS ETF in the first quarter worth $30,000. AAFMAA Wealth Management & Trust LLC raised its holdings in iShares MBS ETF by 2.5% in the first quarter. AAFMAA Wealth Management & Trust LLC now owns 73,337 shares of the company’s stock worth $6,878,000 after purchasing an additional 1,803 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in iShares MBS ETF by 6.8% in the first quarter. Miracle Mile Advisors LLC now owns 1,676,916 shares of the company’s stock worth $157,261,000 after purchasing an additional 106,588 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2%

MBB opened at $95.09 on Friday. The stock has a fifty day simple moving average of $94.37 and a two-hundred day simple moving average of $93.33. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $95.97.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st will be issued a $0.3363 dividend. The ex-dividend date is Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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).