LexAurum Advisors LLC Lowers Position in iShares MBS ETF (NASDAQ:MBB)

LexAurum Advisors LLC cut its stake in iShares MBS ETF (NASDAQ:MBB) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 9,006 shares of the company’s stock after selling 199 shares during the quarter. LexAurum Advisors LLC’s holdings in iShares MBS ETF were worth $845,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in iShares MBS ETF by 2.5% in the fourth quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after buying an additional 1,826,521 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after purchasing an additional 17,056,138 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares MBS ETF by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock valued at $2,637,664,000 after purchasing an additional 1,336,608 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares MBS ETF by 13.9% during the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after purchasing an additional 2,668,319 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of iShares MBS ETF by 7.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after purchasing an additional 1,436,342 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.5%

Shares of NASDAQ MBB opened at $91.75 on Friday. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.76. The company has a 50 day simple moving average of $92.53 and a two-hundred day simple moving average of $92.52.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.3251 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Monday, June 2nd.

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).