Transcend Capital Advisors LLC Reduces Stock Position in iShares MBS ETF (NASDAQ:MBB)

Transcend Capital Advisors LLC cut its stake in iShares MBS ETF (NASDAQ:MBB) by 35.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,123 shares of the company’s stock after selling 5,086 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares MBS ETF were worth $836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hobbs Group Advisors LLC boosted its stake in iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC purchased a new stake in shares of iShares MBS ETF in the third quarter worth about $30,000. MeadowBrook Investment Advisors LLC boosted its position in shares of iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the period. Key Financial Inc grew its stake in iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 422 shares in the last quarter. Finally, Activest Wealth Management bought a new stake in iShares MBS ETF during the 4th quarter worth approximately $58,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.5 %

NASDAQ MBB opened at $92.87 on Friday. The company’s 50 day simple moving average is $91.75 and its two-hundred day simple moving average is $93.43. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.3414 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares MBS ETF’s previous dividend of $0.29.

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).