Westover Capital Advisors LLC Sells 107,327 Shares of iShares MBS ETF (NASDAQ:MBB)

Westover Capital Advisors LLC trimmed its position in iShares MBS ETF (NASDAQ:MBB) by 56.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,475 shares of the company’s stock after selling 107,327 shares during the quarter. iShares MBS ETF comprises approximately 1.7% of Westover Capital Advisors LLC’s portfolio, making the stock its 14th largest holding. Westover Capital Advisors LLC’s holdings in iShares MBS ETF were worth $7,745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MBB. Hobbs Group Advisors LLC increased its holdings in iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. MeadowBrook Investment Advisors LLC increased its holdings in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares in the last quarter. Key Financial Inc increased its holdings in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 422 shares in the last quarter. Activest Wealth Management bought a new stake in iShares MBS ETF during the 4th quarter worth approximately $58,000. Finally, CENTRAL TRUST Co increased its holdings in iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of MBB opened at $93.89 on Tuesday. The stock has a 50 day moving average price of $91.98 and a two-hundred day moving average price of $93.38. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.3204 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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).