iShares MBS ETF (NASDAQ:MBB) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its stake in iShares MBS ETF (NASDAQ:MBB) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,066 shares of the company’s stock after selling 6,087 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $18,210,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. St. Johns Investment Management Company LLC purchased a new position in iShares MBS ETF in the 3rd quarter valued at about $30,000. Chris Bulman Inc acquired a new stake in iShares MBS ETF during the second quarter worth approximately $31,000. Godsey & Gibb Inc. acquired a new stake in iShares MBS ETF during the third quarter worth approximately $33,000. Rothschild Investment LLC purchased a new stake in iShares MBS ETF in the 2nd quarter worth approximately $33,000. Finally, PSI Advisors LLC raised its holdings in iShares MBS ETF by 2,289.5% in the 2nd quarter. PSI Advisors LLC now owns 454 shares of the company’s stock valued at $42,000 after acquiring an additional 435 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $93.08 on Friday. iShares MBS ETF has a 52-week low of $87.87 and a 52-week high of $96.76. The stock’s fifty day simple moving average is $94.81 and its 200-day simple moving average is $93.22.

iShares MBS ETF Cuts Dividend

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