iShares MBS ETF $MBB Stock Position Lowered by KPP Advisory Services LLC

KPP Advisory Services LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 3.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,654 shares of the company’s stock after selling 130 shares during the quarter. KPP Advisory Services LLC’s holdings in iShares MBS ETF were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in iShares MBS ETF by 11.0% in the 1st quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock worth $2,275,347,000 after acquiring an additional 2,404,586 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares MBS ETF by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,939,526 shares of the company’s stock worth $275,669,000 after purchasing an additional 8,399 shares during the period. Renaissancere Holdings Ltd. acquired a new position in iShares MBS ETF in the 1st quarter valued at approximately $267,782,000. Cetera Investment Advisers lifted its position in iShares MBS ETF by 17.5% in the 1st quarter. Cetera Investment Advisers now owns 1,863,533 shares of the company’s stock worth $174,762,000 after buying an additional 277,926 shares in the last quarter. Finally, Midland Wealth Advisors LLC boosted its stake in shares of iShares MBS ETF by 36.7% during the 1st quarter. Midland Wealth Advisors LLC now owns 1,825,317 shares of the company’s stock valued at $171,178,000 after buying an additional 490,393 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $94.90 on Tuesday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $95.97. The company’s fifty day simple moving average is $94.41 and its 200-day simple moving average is $93.34.

iShares MBS ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.3363 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, October 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).