Vernal Point Advisors LLC Sells 6,626 Shares of iShares MBS ETF $MBB

Vernal Point Advisors LLC lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 67.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,169 shares of the company’s stock after selling 6,626 shares during the quarter. iShares MBS ETF makes up approximately 0.1% of Vernal Point Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Vernal Point Advisors LLC’s holdings in iShares MBS ETF were worth $302,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. ESL Trust Services LLC bought a new position in iShares MBS ETF in the 4th quarter worth approximately $28,000. Nemes Rush Group LLC boosted its holdings in iShares MBS ETF by 132.9% in the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after buying an additional 206 shares during the period. Aventura Private Wealth LLC bought a new position in iShares MBS ETF in the 4th quarter worth approximately $35,000. Wealth Watch Advisors INC bought a new position in iShares MBS ETF in the 3rd quarter worth approximately $35,000. Finally, Key Financial Inc boosted its holdings in iShares MBS ETF by 96.9% in the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $36,000 after buying an additional 187 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $94.38 on Monday. The company has a 50 day moving average of $94.56 and a 200 day moving average of $95.15. iShares MBS ETF has a 12 month low of $92.38 and a 12 month high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.3334 dividend. The ex-dividend date of this dividend was Monday, June 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).