GeoWealth Management LLC Lowers Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

GeoWealth Management LLC lowered its position in iShares MBS ETF (NASDAQ:MBB) by 61.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,643 shares of the company’s stock after selling 14,035 shares during the quarter. GeoWealth Management LLC’s holdings in iShares MBS ETF were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. SkyView Investment Advisors LLC grew its position in shares of iShares MBS ETF by 2.9% during the third quarter. SkyView Investment Advisors LLC now owns 449,278 shares of the company’s stock worth $43,045,000 after purchasing an additional 12,868 shares in the last quarter. World Investment Advisors LLC boosted its stake in iShares MBS ETF by 4.5% in the 3rd quarter. World Investment Advisors LLC now owns 111,232 shares of the company’s stock worth $10,657,000 after purchasing an additional 4,831 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in iShares MBS ETF during the 3rd quarter valued at approximately $119,000. Tidal Investments LLC raised its position in shares of iShares MBS ETF by 3.1% during the third quarter. Tidal Investments LLC now owns 13,029 shares of the company’s stock valued at $1,244,000 after buying an additional 389 shares during the last quarter. Finally, Synovus Financial Corp raised its position in shares of iShares MBS ETF by 13.8% during the third quarter. Synovus Financial Corp now owns 15,570 shares of the company’s stock valued at $1,492,000 after buying an additional 1,894 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $92.48 on Friday. The firm has a 50-day simple moving average of $93.05 and a two-hundred day simple moving average of $92.74. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.3309 per share. This is a boost from iShares MBS ETF’s previous dividend of $0.32. The ex-dividend date of this dividend was Tuesday, April 1st.

iShares MBS ETF Company Profile

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).