Hilton Capital Management LLC Sells 574,002 Shares of iShares MBS ETF (NASDAQ:MBB)

Hilton Capital Management LLC reduced its holdings in iShares MBS ETF (NASDAQ:MBB) by 62.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,597 shares of the company’s stock after selling 574,002 shares during the period. iShares MBS ETF makes up about 2.8% of Hilton Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Hilton Capital Management LLC owned approximately 0.09% of iShares MBS ETF worth $32,143,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Hobbs Group Advisors LLC raised its holdings in iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. MeadowBrook Investment Advisors LLC raised its holdings in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the period. Truvestments Capital LLC acquired a new stake in iShares MBS ETF in the fourth quarter worth $36,000. Key Financial Inc raised its holdings in iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 422 shares during the period. Finally, Activest Wealth Management acquired a new stake in iShares MBS ETF in the fourth quarter worth $58,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.2 %

MBB opened at $93.28 on Friday. The firm’s fifty day moving average is $92.26 and its two-hundred day moving average is $93.30. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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).