Firethorn Wealth Partners LLC Trims Holdings in iShares MBS ETF $MBB

Firethorn Wealth Partners LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,178 shares of the company’s stock after selling 905 shares during the period. Firethorn Wealth Partners LLC’s holdings in iShares MBS ETF were worth $1,237,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. IMG Wealth Management Inc. purchased a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $30,000. Curat Global LLC purchased a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $31,000. Flaharty Asset Management LLC purchased a new position in shares of iShares MBS ETF during the 1st quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after acquiring an additional 295 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2%

MBB stock opened at $95.09 on Friday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $95.97. The business’s 50 day moving average price is $94.37 and its two-hundred day moving average price is $93.33.

iShares MBS ETF Cuts Dividend

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