KPP Advisory Services LLC Sells 130 Shares of iShares MBS ETF $MBB

KPP Advisory Services LLC lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 3.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,654 shares of the company’s stock after selling 130 shares during the period. KPP Advisory Services LLC’s holdings in iShares MBS ETF were worth $343,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC bought a new position in iShares MBS ETF during the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC bought a new position in iShares MBS ETF during the 1st quarter valued at approximately $31,000. Flaharty Asset Management LLC bought a new position in iShares MBS ETF during the 1st quarter valued at approximately $34,000. MassMutual Private Wealth & Trust FSB increased its position in iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after buying an additional 295 shares in the last quarter. Finally, MorganRosel Wealth Management LLC bought a new position in iShares MBS ETF during the 1st quarter valued at approximately $38,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.2%

MBB stock opened at $95.85 on Friday. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.20. The business has a 50 day moving average of $94.93 and a 200 day moving average of $93.53.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were paid a dividend of $0.3363 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Wednesday, October 1st.

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).