Boltwood Capital Management Sells 79,286 Shares of iShares MBS ETF $MBB

Boltwood Capital Management trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 35.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 147,239 shares of the company’s stock after selling 79,286 shares during the quarter. iShares MBS ETF accounts for approximately 3.0% of Boltwood Capital Management’s investment portfolio, making the stock its 5th largest holding. Boltwood Capital Management’s holdings in iShares MBS ETF were worth $13,196,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MBB. Global Financial Private Client LLC boosted its holdings in shares of iShares MBS ETF by 3.8% in the 1st quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock worth $279,000 after acquiring an additional 108 shares in the last quarter. Alteri Wealth LLC increased its holdings in iShares MBS ETF by 0.6% during the 4th quarter. Alteri Wealth LLC now owns 18,467 shares of the company’s stock valued at $1,758,000 after purchasing an additional 118 shares in the last quarter. Merkkuri Wealth Advisors LLC raised its position in iShares MBS ETF by 1.2% in the 1st quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock valued at $944,000 after purchasing an additional 120 shares during the last quarter. Signature Equity Partners LLC raised its position in iShares MBS ETF by 27.4% in the 1st quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock valued at $53,000 after purchasing an additional 121 shares during the last quarter. Finally, Beacon Financial Advisory LLC boosted its stake in iShares MBS ETF by 1.7% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,717 shares of the company’s stock worth $735,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB stock traded down $0.33 during trading hours on Friday, hitting $89.22. 4,647,335 shares of the company’s stock were exchanged, compared to its average volume of 3,070,766. iShares MBS ETF has a 52 week low of $88.92 and a 52 week high of $96.96. The stock’s 50-day moving average is $92.34 and its 200-day moving average is $93.69.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.3662 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388.

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). 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).