iShares MBS ETF (NASDAQ:MBB) Shares Sold by Midwest Heritage Bank FSB

Midwest Heritage Bank FSB lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 22.3% during the first quarter, Holdings Channel reports. The fund owned 2,866 shares of the company’s stock after selling 821 shares during the quarter. Midwest Heritage Bank FSB’s holdings in iShares MBS ETF were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MBB. Golden State Wealth Management LLC grew its position in iShares MBS ETF by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock valued at $375,000 after buying an additional 1,410 shares during the period. ArborFi Advisors LLC acquired a new stake in iShares MBS ETF during the fourth quarter valued at $2,344,000. Tucker Asset Management LLC grew its position in iShares MBS ETF by 74.5% during the fourth quarter. Tucker Asset Management LLC now owns 670 shares of the company’s stock valued at $61,000 after buying an additional 286 shares during the period. RWA Wealth Partners LLC grew its position in iShares MBS ETF by 2.4% during the fourth quarter. RWA Wealth Partners LLC now owns 2,403,354 shares of the company’s stock valued at $220,339,000 after buying an additional 55,789 shares during the period. Finally, Fifth Third Bancorp grew its position in iShares MBS ETF by 78.5% during the first quarter. Fifth Third Bancorp now owns 2,915 shares of the company’s stock valued at $273,000 after buying an additional 1,282 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $92.67 on Friday. The firm’s fifty day moving average is $92.60 and its 200 day moving average is $92.58. iShares MBS ETF has a one year low of $90.28 and a one year high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were given a dividend of $0.3322 per share. This represents a $3.99 annualized dividend and a yield of 4.30%. The ex-dividend date was Tuesday, July 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33.

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).