Cyndeo Wealth Partners LLC Has $799,000 Stock Position in iShares MBS ETF $MBB

Cyndeo Wealth Partners LLC increased its position in iShares MBS ETF (NASDAQ:MBB) by 13.9% in the second quarter, Holdings Channel.com reports. The firm owned 8,512 shares of the company’s stock after acquiring an additional 1,042 shares during the period. Cyndeo Wealth Partners LLC’s holdings in iShares MBS ETF were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Galvin Gaustad & Stein LLC increased its stake in shares of iShares MBS ETF by 1.8% in the 2nd quarter. Galvin Gaustad & Stein LLC now owns 242,135 shares of the company’s stock valued at $22,734,000 after acquiring an additional 4,232 shares during the last quarter. M1 Capital Management LLC increased its stake in shares of iShares MBS ETF by 1.5% in the 2nd quarter. M1 Capital Management LLC now owns 12,131 shares of the company’s stock valued at $1,139,000 after acquiring an additional 178 shares during the last quarter. Coordinated Financial Services Inc. bought a new stake in shares of iShares MBS ETF in the 2nd quarter valued at about $1,818,000. Vantage Point Financial LLC increased its stake in shares of iShares MBS ETF by 4.0% in the 2nd quarter. Vantage Point Financial LLC now owns 3,702 shares of the company’s stock valued at $348,000 after acquiring an additional 143 shares during the last quarter. Finally, MSH Capital Advisors LLC increased its stake in shares of iShares MBS ETF by 36.6% in the 2nd quarter. MSH Capital Advisors LLC now owns 9,784 shares of the company’s stock valued at $919,000 after acquiring an additional 2,622 shares during the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.4%

Shares of MBB stock opened at $95.28 on Friday. The stock has a 50-day moving average of $94.55 and a 200-day moving average of $93.39. iShares MBS ETF has a one year low of $90.28 and a one year high of $95.97.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.3363 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a dividend 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).