Thrivent Financial for Lutherans Trims Position in iShares MBS ETF (NASDAQ:MBB)

Thrivent Financial for Lutherans decreased its holdings in iShares MBS ETF (NASDAQ:MBB) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 695,650 shares of the company’s stock after selling 48,040 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares MBS ETF were worth $64,356,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MBB. Clearwater Capital Advisors LLC raised its stake in iShares MBS ETF by 9.6% in the fourth quarter. Clearwater Capital Advisors LLC now owns 288,541 shares of the company’s stock worth $26,453,000 after buying an additional 25,155 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of iShares MBS ETF by 9.5% during the 4th quarter. Parallel Advisors LLC now owns 23,117 shares of the company’s stock worth $2,119,000 after acquiring an additional 2,000 shares during the period. Cibc World Markets Corp raised its position in shares of iShares MBS ETF by 5.4% in the 4th quarter. Cibc World Markets Corp now owns 3,918 shares of the company’s stock worth $359,000 after acquiring an additional 199 shares in the last quarter. SouthState Corp purchased a new position in shares of iShares MBS ETF in the 4th quarter valued at approximately $75,000. Finally, GWN Securities Inc. bought a new stake in shares of iShares MBS ETF during the fourth quarter valued at approximately $1,242,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $93.51 on Thursday. The company’s fifty day moving average price is $92.42 and its 200-day moving average price is $93.22. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

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