iShares MBS ETF (NASDAQ:MBB) Shares Sold by Merkkuri Wealth Advisors LLC

Merkkuri Wealth Advisors LLC reduced its position in shares of iShares MBS ETF (NASDAQ:MBB) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,404 shares of the company’s stock after selling 1,665 shares during the period. Merkkuri Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $507,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tompkins Financial Corp increased its stake in iShares MBS ETF by 51.7% during the first quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after acquiring an additional 109 shares during the last quarter. Curat Global LLC acquired a new stake in iShares MBS ETF during the first quarter worth $30,000. Truvestments Capital LLC acquired a new stake in iShares MBS ETF during the fourth quarter worth $36,000. Garde Capital Inc. acquired a new stake in iShares MBS ETF during the first quarter worth $43,000. Finally, Opal Wealth Advisors LLC acquired a new stake in iShares MBS ETF during the first quarter worth $57,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock opened at $92.81 on Friday. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.76. The business has a fifty day moving average of $92.45 and a two-hundred day moving average of $92.47.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 annualized dividend and a dividend yield of 4.20%.

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).