Axxcess Wealth Management LLC Sells 8,251 Shares of iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 29.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,130 shares of the company’s stock after selling 8,251 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,846,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MBB. Principal Financial Group Inc. bought a new position in iShares MBS ETF in the 3rd quarter valued at $289,000. Commerce Bank raised its position in iShares MBS ETF by 87.2% in the 3rd quarter. Commerce Bank now owns 4,166 shares of the company’s stock valued at $399,000 after purchasing an additional 1,940 shares during the last quarter. Hilton Capital Management LLC bought a new position in iShares MBS ETF in the 3rd quarter valued at $88,586,000. First Horizon Advisors Inc. raised its position in iShares MBS ETF by 16.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 37,557 shares of the company’s stock valued at $3,598,000 after purchasing an additional 5,264 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in iShares MBS ETF by 10.2% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 503,172 shares of the company’s stock valued at $48,209,000 after purchasing an additional 46,459 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.2 %

Shares of MBB opened at $93.51 on Thursday. The stock has a fifty day moving average price of $92.42 and a two-hundred day moving average price of $93.22. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid 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).