Brookstone Capital Management Sells 669 Shares of iShares MBS ETF $MBB

Brookstone Capital Management trimmed its holdings in iShares MBS ETF (NASDAQ:MBB) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 289,984 shares of the company’s stock after selling 669 shares during the quarter. Brookstone Capital Management’s holdings in iShares MBS ETF were worth $27,227,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citizens & Northern Corp raised its holdings in iShares MBS ETF by 3.3% during the 2nd quarter. Citizens & Northern Corp now owns 34,380 shares of the company’s stock valued at $3,228,000 after buying an additional 1,090 shares during the last quarter. D.A. Davidson & CO. raised its holdings in iShares MBS ETF by 2.2% during the 2nd quarter. D.A. Davidson & CO. now owns 20,182 shares of the company’s stock valued at $1,895,000 after buying an additional 431 shares during the last quarter. Cullen Frost Bankers Inc. raised its holdings in iShares MBS ETF by 24.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 1,632 shares of the company’s stock valued at $153,000 after buying an additional 318 shares during the last quarter. Avidian Wealth Enterprises LLC raised its holdings in iShares MBS ETF by 4.2% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 685,940 shares of the company’s stock valued at $64,403,000 after buying an additional 27,394 shares during the last quarter. Finally, Nottingham Advisors Inc. raised its holdings in iShares MBS ETF by 8.8% during the 2nd quarter. Nottingham Advisors Inc. now owns 567,701 shares of the company’s stock valued at $53,301,000 after buying an additional 45,786 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $96.12 on Wednesday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.20. The firm has a fifty day simple moving average of $94.84 and a two-hundred day simple moving average of $93.49.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were issued a $0.3363 dividend. The ex-dividend date was Wednesday, October 1st. This represents a c) annualized dividend and a yield of 4.2%.

About iShares MBS ETF

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).