ArborFi Advisors LLC Sells 241 Shares of iShares MBS ETF $MBB

ArborFi Advisors LLC reduced its position in shares of iShares MBS ETF (NASDAQ:MBB) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,331 shares of the company’s stock after selling 241 shares during the quarter. iShares MBS ETF comprises 2.2% of ArborFi Advisors LLC’s holdings, making the stock its 12th biggest position. ArborFi Advisors LLC’s holdings in iShares MBS ETF were worth $2,472,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new position in iShares MBS ETF in the fourth quarter valued at approximately $273,000. Golden State Wealth Management LLC lifted its stake in shares of iShares MBS ETF by 54.6% in the 1st quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock valued at $375,000 after purchasing an additional 1,410 shares during the period. Mather Group LLC. boosted its position in shares of iShares MBS ETF by 7.0% in the 1st quarter. Mather Group LLC. now owns 11,110 shares of the company’s stock worth $1,042,000 after purchasing an additional 728 shares during the last quarter. DAVENPORT & Co LLC grew its stake in shares of iShares MBS ETF by 49.6% during the first quarter. DAVENPORT & Co LLC now owns 6,709 shares of the company’s stock worth $629,000 after purchasing an additional 2,223 shares during the period. Finally, Rossby Financial LCC bought a new stake in iShares MBS ETF in the first quarter valued at about $69,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $95.50 on Friday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.25. The business’s 50-day moving average price is $95.16 and its two-hundred day moving average price is $93.66.

iShares MBS ETF Cuts Dividend

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

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).