Legacy Capital Group California Inc. Cuts Stake in iShares MBS ETF (NASDAQ:MBB)

Legacy Capital Group California Inc. lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 20.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,510 shares of the company’s stock after selling 1,381 shares during the quarter. Legacy Capital Group California Inc.’s holdings in iShares MBS ETF were worth $506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in iShares MBS ETF during the 1st quarter worth $26,000. Versant Capital Management Inc purchased a new stake in shares of iShares MBS ETF during the first quarter worth about $32,000. CENTRAL TRUST Co lifted its stake in shares of iShares MBS ETF by 64.6% in the first quarter. CENTRAL TRUST Co now owns 456 shares of the company’s stock worth $42,000 after acquiring an additional 179 shares in the last quarter. Able Wealth Management LLC purchased a new position in iShares MBS ETF in the fourth quarter valued at about $43,000. Finally, Headlands Technologies LLC acquired a new stake in iShares MBS ETF during the 1st quarter valued at approximately $55,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock traded up $0.24 during mid-day trading on Tuesday, hitting $95.19. 1,592,258 shares of the company were exchanged, compared to its average volume of 2,307,415. The firm has a fifty day simple moving average of $93.12 and a 200 day simple moving average of $91.97. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.85.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were given a dividend of $0.3086 per share. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31. This represents a $3.70 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Thursday, August 1st.

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).