Axxcess Wealth Management LLC Has $1.85 Million Stock Position in iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC reduced its position in iShares MBS ETF (NASDAQ:MBB) by 29.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 20,130 shares of the company’s stock after selling 8,251 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearwater Capital Advisors LLC increased its stake in shares of iShares MBS ETF by 9.6% in the 4th quarter. Clearwater Capital Advisors LLC now owns 288,541 shares of the company’s stock valued at $26,453,000 after buying an additional 25,155 shares during the period. Parallel Advisors LLC grew its stake in shares of iShares MBS ETF by 9.5% during the fourth quarter. Parallel Advisors LLC now owns 23,117 shares of the company’s stock worth $2,119,000 after purchasing an additional 2,000 shares during the period. Cibc World Markets Corp grew its stake in shares of iShares MBS ETF by 5.4% during the fourth quarter. Cibc World Markets Corp now owns 3,918 shares of the company’s stock worth $359,000 after purchasing an additional 199 shares during the period. SouthState Corp acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth $75,000. Finally, GWN Securities Inc. acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth $1,242,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.2 %

Shares of iShares MBS ETF stock opened at $93.51 on Thursday. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76. The business has a fifty day simple moving average of $92.42 and a 200 day simple moving average of $93.22.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).