RFG Advisory LLC Sells 261 Shares of iShares MBS ETF (NASDAQ:MBB)

RFG Advisory LLC lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 0.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 40,469 shares of the company’s stock after selling 261 shares during the quarter. RFG Advisory LLC’s holdings in iShares MBS ETF were worth $3,715,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MBB. Jane Street Group LLC grew its holdings in shares of iShares MBS ETF by 542.0% during the 1st quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock worth $779,016,000 after purchasing an additional 7,116,171 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares MBS ETF during the first quarter worth $158,046,000. Midland Wealth Advisors LLC bought a new stake in shares of iShares MBS ETF during the fourth quarter worth $151,461,000. Quotient Wealth Partners LLC bought a new stake in shares of iShares MBS ETF during the fourth quarter worth $138,573,000. Finally, Charles Schwab Investment Advisory Inc. raised its position in shares of iShares MBS ETF by 25.3% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after acquiring an additional 1,102,208 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.2 %

Shares of MBB stock traded up $0.15 on Monday, reaching $94.53. 1,303,884 shares of the stock were exchanged, compared to its average volume of 2,320,237. iShares MBS ETF has a one year low of $85.28 and a one year high of $95.85. The stock has a 50 day moving average price of $92.66 and a 200 day moving average price of $91.90.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Thursday, August 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31.

iShares MBS ETF 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).