iShares MBS ETF $MBB Position Decreased by Sharkey Howes & Javer

Sharkey Howes & Javer cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 6.7% in the third quarter, HoldingsChannel.com reports. The firm owned 220,271 shares of the company’s stock after selling 15,873 shares during the quarter. iShares MBS ETF accounts for about 2.4% of Sharkey Howes & Javer’s investment portfolio, making the stock its 12th largest holding. Sharkey Howes & Javer’s holdings in iShares MBS ETF were worth $19,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Montgomery Financial Services LLC purchased a new stake in iShares MBS ETF in the 2nd quarter valued at about $27,000. Brown Lisle Cummings Inc. acquired a new position in iShares MBS ETF in the first quarter valued at about $28,000. Field & Main Bank acquired a new position in iShares MBS ETF in the second quarter valued at about $30,000. Beaird Harris Wealth Management LLC purchased a new position in iShares MBS ETF during the second quarter worth about $34,000. Finally, Investors Research Corp boosted its stake in iShares MBS ETF by 1,587.0% during the second quarter. Investors Research Corp now owns 388 shares of the company’s stock worth $37,000 after buying an additional 365 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.9%

Shares of MBB stock opened at $91.38 on Friday. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96. The company has a 50-day moving average of $91.38 and a two-hundred day moving average of $93.19.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.8%.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).