Tandem Wealth Advisors LLC Sells 49,501 Shares of iShares MBS ETF $MBB

Tandem Wealth Advisors LLC reduced its position in shares of iShares MBS ETF (NASDAQ:MBB) by 28.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,557 shares of the company’s stock after selling 49,501 shares during the period. iShares MBS ETF accounts for about 5.4% of Tandem Wealth Advisors LLC’s portfolio, making the stock its 9th largest holding. Tandem Wealth Advisors LLC’s holdings in iShares MBS ETF were worth $12,017,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. ESL Trust Services LLC acquired a new stake in shares of iShares MBS ETF in the fourth quarter worth approximately $28,000. Brown Lisle Cummings Inc. acquired a new position in iShares MBS ETF in the 1st quarter valued at $28,000. First Community Trust NA acquired a new position in iShares MBS ETF in the 1st quarter valued at $32,000. Nemes Rush Group LLC lifted its holdings in iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares in the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in iShares MBS ETF in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.0%

Shares of MBB opened at $93.78 on Friday. iShares MBS ETF has a 52-week low of $92.43 and a 52-week high of $96.96. The firm’s fifty day moving average is $94.15 and its two-hundred day moving average is $94.96.

iShares MBS ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, 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). 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).