iShares MBS ETF (NASDAQ:MBB) Position Reduced by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC decreased its position in iShares MBS ETF (NASDAQ:MBB) by 35.3% in the first quarter, HoldingsChannel reports. The firm owned 12,598 shares of the company’s stock after selling 6,866 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of iShares MBS ETF by 49.2% in the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock worth $4,741,789,000 after purchasing an additional 17,056,138 shares in the last quarter. Proficio Capital Partners LLC raised its position in iShares MBS ETF by 9,869.1% during the fourth quarter. Proficio Capital Partners LLC now owns 5,498,469 shares of the company’s stock valued at $504,100,000 after acquiring an additional 5,443,314 shares in the last quarter. Essential Planning LLC. lifted its stake in iShares MBS ETF by 6,413.4% in the fourth quarter. Essential Planning LLC. now owns 3,311,529 shares of the company’s stock valued at $308,457,000 after acquiring an additional 3,260,687 shares during the last quarter. LPL Financial LLC grew its position in iShares MBS ETF by 13.9% in the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock worth $2,003,943,000 after acquiring an additional 2,668,319 shares in the last quarter. Finally, Bank of America Corp DE grew its position in iShares MBS ETF by 2.5% in the fourth quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after acquiring an additional 1,826,521 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $92.70 on Wednesday. iShares MBS ETF has a 1-year low of $90.28 and a 1-year high of $96.76. The firm’s fifty day simple moving average is $92.42 and its 200-day simple moving average is $92.49.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.3251 per share. This represents a $3.90 annualized dividend and a yield of 4.21%. The ex-dividend date was Monday, June 2nd.

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).