Gen Wealth Partners Inc Sells 17,989 Shares of iShares MBS ETF $MBB

Gen Wealth Partners Inc lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 97.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 489 shares of the company’s stock after selling 17,989 shares during the quarter. Gen Wealth Partners Inc’s holdings in iShares MBS ETF were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MBB. Shelter Ins Retirement Plan purchased a new stake in iShares MBS ETF in the 2nd quarter worth $12,335,042,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in iShares MBS ETF by 3.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after acquiring an additional 106,144 shares during the last quarter. Midland Wealth Advisors LLC boosted its position in iShares MBS ETF by 26.9% during the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after acquiring an additional 677,722 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after acquiring an additional 201,354 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Down 0.1%

MBB stock opened at $91.11 on Thursday. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96. The firm has a 50-day moving average of $90.95 and a two-hundred day moving average of $93.63.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a dividend of $0.3471 per share. The ex-dividend date was Monday, November 2nd. This represents a $4.17 annualized dividend and a dividend yield of 4.6%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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). 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).