iShares MBS ETF (NASDAQ:MBB) Shares Sold by Friedenthal Financial

Friedenthal Financial cut its holdings in iShares MBS ETF (NASDAQ:MBB) by 15.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,999 shares of the company’s stock after selling 924 shares during the period. Friedenthal Financial’s holdings in iShares MBS ETF were worth $458,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MBB. Hobbs Group Advisors LLC boosted its stake in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after acquiring an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of iShares MBS ETF in the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. bought a new position in iShares MBS ETF during the 3rd quarter worth $33,000. MeadowBrook Investment Advisors LLC increased its position in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its position in iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after buying an additional 333 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB traded down $0.15 during midday trading on Monday, hitting $90.37. 4,140,619 shares of the stock traded hands, compared to its average volume of 2,574,118. The business’s 50 day moving average price is $92.40 and its two-hundred day moving average price is $93.62. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

About iShares MBS ETF

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).