FDx Advisors Inc. Sells 46,233 Shares of iShares MBS ETF $MBB

FDx Advisors Inc. cut its position in iShares MBS ETF (NASDAQ:MBB) by 28.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 113,544 shares of the company’s stock after selling 46,233 shares during the quarter. iShares MBS ETF makes up approximately 3.3% of FDx Advisors Inc.’s investment portfolio, making the stock its 7th largest holding. FDx Advisors Inc.’s holdings in iShares MBS ETF were worth $10,849,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC bought a new position in shares of iShares MBS ETF during the 2nd quarter worth about $26,000. LRI Investments LLC bought a new stake in iShares MBS ETF in the second quarter valued at about $30,000. Tsfg LLC grew its stake in shares of iShares MBS ETF by 106.8% in the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares during the period. Westfuller Advisors LLC bought a new stake in iShares MBS ETF in the third quarter valued at $33,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of iShares MBS ETF in the 2nd quarter valued at $39,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1%

NASDAQ:MBB opened at $95.69 on Friday. iShares MBS ETF has a 1 year low of $90.84 and a 1 year high of $96.25. The firm has a 50 day moving average of $95.42 and a 200-day moving average of $94.92.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a dividend of $0.334 per share. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

iShares MBS ETF 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).