Pacific Financial Group Inc. Has $744,000 Stock Position in iShares MBS ETF $MBB

Pacific Financial Group Inc. trimmed its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 19.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,928 shares of the company’s stock after selling 1,913 shares during the quarter. Pacific Financial Group Inc.’s holdings in iShares MBS ETF were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in iShares MBS ETF by 11.0% during the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after purchasing an additional 2,404,586 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares MBS ETF by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock valued at $275,669,000 after purchasing an additional 8,399 shares in the last quarter. Renaissancere Holdings Ltd. acquired a new stake in iShares MBS ETF during the first quarter valued at approximately $267,782,000. Cetera Investment Advisers boosted its holdings in iShares MBS ETF by 17.5% during the first quarter. Cetera Investment Advisers now owns 1,863,533 shares of the company’s stock valued at $174,762,000 after purchasing an additional 277,926 shares in the last quarter. Finally, Midland Wealth Advisors LLC boosted its holdings in iShares MBS ETF by 36.7% during the first quarter. Midland Wealth Advisors LLC now owns 1,825,317 shares of the company’s stock valued at $171,178,000 after purchasing an additional 490,393 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.1%

NASDAQ:MBB opened at $95.24 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $95.97. The firm has a 50 day moving average of $94.33 and a 200-day moving average of $93.32.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be paid a $0.3363 dividend. The ex-dividend date is Wednesday, October 1st. 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).