iShares MBS ETF $MBB Shares Sold by Gen Wealth Partners Inc

Gen Wealth Partners Inc cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 97.4% during the third quarter, Holdings Channel.com reports. The firm owned 489 shares of the company’s stock after selling 17,989 shares during the quarter. Gen Wealth Partners Inc’s holdings in iShares MBS ETF were worth $44,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Simplex Trading LLC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter valued at approximately $1,427,000. Kestra Investment Management LLC grew its position in iShares MBS ETF by 4.4% in the third quarter. Kestra Investment Management LLC now owns 413,036 shares of the company’s stock worth $37,016,000 after acquiring an additional 17,553 shares during the period. Retirement Systems of Alabama grew its position in iShares MBS ETF by 30.1% in the third quarter. Retirement Systems of Alabama now owns 62,185 shares of the company’s stock worth $5,573,000 after acquiring an additional 14,380 shares during the period. rebel Financial LLC acquired a new stake in iShares MBS ETF during the third quarter worth $250,000. Finally, Bear Mountain Capital Inc. acquired a new stake in iShares MBS ETF during the third quarter worth $32,000. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $91.11 on Thursday. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96. The stock’s fifty day moving average is $90.95 and its two-hundred day moving average is $93.63.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a dividend of $0.3471 per share. The ex-dividend date was Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.6%. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).