Element Wealth LLC Reduces Holdings in iShares MBS ETF (NASDAQ:MBB)

Element Wealth LLC trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 30.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364 shares of the company’s stock after selling 161 shares during the quarter. Element Wealth LLC’s holdings in iShares MBS ETF were worth $33,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Alpha Financial Partners LLC acquired a new position in iShares MBS ETF during the third quarter worth $2,960,000. Dakota Wealth Management boosted its stake in iShares MBS ETF by 157.0% during the third quarter. Dakota Wealth Management now owns 171,046 shares of the company’s stock worth $16,388,000 after buying an additional 104,491 shares during the last quarter. FFG Retirement Advisors LLC boosted its stake in iShares MBS ETF by 8.0% during the third quarter. FFG Retirement Advisors LLC now owns 84,090 shares of the company’s stock worth $8,057,000 after buying an additional 6,224 shares during the last quarter. Eagle Ridge Investment Management boosted its stake in iShares MBS ETF by 6.5% during the third quarter. Eagle Ridge Investment Management now owns 218,132 shares of the company’s stock worth $20,899,000 after buying an additional 13,366 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC boosted its stake in iShares MBS ETF by 15.5% during the third quarter. Merkkuri Wealth Advisors LLC now owns 6,337 shares of the company’s stock worth $607,000 after buying an additional 852 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $92.87 on Friday. The stock’s fifty day moving average is $91.75 and its two-hundred day moving average is $93.45. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.3414 dividend. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

About iShares MBS ETF

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).