Axxcess Wealth Management LLC Sells 30,525 Shares of iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC reduced its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 72.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,429 shares of the company’s stock after selling 30,525 shares during the period. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MBB. Simplicity Solutions LLC lifted its holdings in shares of iShares MBS ETF by 3.6% in the 4th quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock worth $317,000 after acquiring an additional 117 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of iShares MBS ETF by 4.4% in the 4th quarter. CoreCap Advisors LLC now owns 3,353 shares of the company’s stock worth $315,000 after buying an additional 142 shares during the last quarter. Ellis Investment Partners LLC grew its position in shares of iShares MBS ETF by 5.3% in the 4th quarter. Ellis Investment Partners LLC now owns 2,899 shares of the company’s stock worth $273,000 after buying an additional 146 shares during the last quarter. Proffitt & Goodson Inc. grew its position in shares of iShares MBS ETF by 0.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 35,782 shares of the company’s stock worth $3,366,000 after buying an additional 153 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in iShares MBS ETF by 0.6% in the 3rd quarter. Hsbc Holdings PLC now owns 27,579 shares of the company’s stock worth $2,449,000 after purchasing an additional 161 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.6 %

MBB stock opened at $90.67 on Monday. The firm has a 50 day moving average of $91.27 and a 200 day moving average of $91.33. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.70.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be paid a $0.2823 dividend. This represents a $3.39 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 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).