Confluence Investment Management LLC Decreases Stake in iShares MBS ETF $MBB

Confluence Investment Management LLC lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 8.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 303,528 shares of the company’s stock after selling 29,406 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $28,689,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. ESL Trust Services LLC bought a new position in shares of iShares MBS ETF in the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. purchased a new position in shares of iShares MBS ETF in the first quarter worth $28,000. First Community Trust NA bought a new stake in iShares MBS ETF during the 1st quarter valued at $32,000. Nemes Rush Group LLC raised its holdings in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after buying an additional 206 shares during the last quarter. Finally, Wealth Watch Advisors INC purchased a new stake in iShares MBS ETF during the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $92.72 on Tuesday. iShares MBS ETF has a 12-month low of $92.68 and a 12-month high of $96.96. The company’s fifty day simple moving average is $93.99 and its two-hundred day simple moving average is $94.79.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.3413 per share. This is an increase from iShares MBS ETF’s previous dividend of $0.34. The ex-dividend date is Monday, August 3rd.

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).