iShares MBS ETF (NASDAQ:MBB) Stake Lessened by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. trimmed its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 9.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,658 shares of the company’s stock after selling 789 shares during the quarter. Maxwell Wealth Strategies Inc.’s holdings in iShares MBS ETF were worth $711,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Crewe Advisors LLC increased its stake in iShares MBS ETF by 62.8% during the first quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after purchasing an additional 550 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in iShares MBS ETF during the third quarter worth about $519,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares MBS ETF in the second quarter worth about $61,000. Ascent Group LLC boosted its stake in iShares MBS ETF by 27.5% in the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock valued at $7,028,000 after acquiring an additional 16,488 shares during the period. Finally, Zions Bancorporation N.A. bought a new position in shares of iShares MBS ETF during the second quarter valued at approximately $189,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ MBB opened at $92.18 on Friday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The stock’s 50 day simple moving average is $94.40 and its 200 day simple moving average is $93.33.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.3099 dividend. The ex-dividend date was Friday, November 1st.

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).