iShares MBS ETF (NASDAQ:MBB) Holdings Lowered by Bush Investment Group LLC

Bush Investment Group LLC trimmed its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 10.4% in the 1st quarter, HoldingsChannel reports. The firm owned 12,174 shares of the company’s stock after selling 1,415 shares during the quarter. iShares MBS ETF makes up about 0.9% of Bush Investment Group LLC’s portfolio, making the stock its 20th biggest position. Bush Investment Group LLC’s holdings in iShares MBS ETF were worth $1,142,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in shares of iShares MBS ETF during the first quarter valued at $30,000. Tompkins Financial Corp lifted its stake in iShares MBS ETF by 51.7% in the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after acquiring an additional 109 shares in the last quarter. Curat Global LLC purchased a new stake in iShares MBS ETF in the 1st quarter worth about $30,000. Truvestments Capital LLC purchased a new stake in iShares MBS ETF in the 4th quarter worth about $36,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in iShares MBS ETF in the 1st quarter worth about $38,000. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $93.24 on Friday. The stock has a 50-day moving average price of $92.64 and a 200 day moving average price of $92.50. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, July 1st will be paid a $0.3322 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a $3.99 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, July 1st.

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).