CI Investments Inc. Cuts Stake in iShares MBS ETF $MBB

CI Investments Inc. lessened its holdings in iShares MBS ETF (NASDAQ:MBB) by 20.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,247 shares of the company’s stock after selling 12,210 shares during the quarter. CI Investments Inc.’s holdings in iShares MBS ETF were worth $4,486,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MBB. Global Financial Private Client LLC boosted its holdings in iShares MBS ETF by 3.8% during the 1st quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after acquiring an additional 108 shares during the period. RFG Advisory LLC boosted its stake in shares of iShares MBS ETF by 3.0% during the fourth quarter. RFG Advisory LLC now owns 3,989 shares of the company’s stock valued at $380,000 after purchasing an additional 116 shares during the period. Alteri Wealth LLC boosted its stake in shares of iShares MBS ETF by 0.6% during the fourth quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock valued at $1,758,000 after purchasing an additional 118 shares during the period. Merkkuri Wealth Advisors LLC grew its holdings in shares of iShares MBS ETF by 1.2% in the first quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock worth $944,000 after purchasing an additional 120 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its holdings in shares of iShares MBS ETF by 28.2% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 568 shares of the company’s stock worth $54,000 after purchasing an additional 125 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.3%

NASDAQ:MBB opened at $92.88 on Friday. The company has a fifty day moving average of $94.06 and a 200 day moving average of $94.90. iShares MBS ETF has a 52 week low of $92.43 and a 52 week high of $96.96.

iShares MBS ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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).