Sequoia Financial Advisors LLC Lowers Stock Holdings in iShares MBS ETF $MBB

Sequoia Financial Advisors LLC cut its position in iShares MBS ETF (NASDAQ:MBB) by 28.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,156 shares of the company’s stock after selling 9,554 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $2,294,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC boosted its holdings in iShares MBS ETF by 35.3% during the 1st quarter. Hsbc Holdings PLC now owns 20,356 shares of the company’s stock valued at $1,933,000 after acquiring an additional 5,309 shares during the period. Elevated Capital Advisors LLC increased its stake in iShares MBS ETF by 8.1% during the first quarter. Elevated Capital Advisors LLC now owns 3,040 shares of the company’s stock worth $289,000 after purchasing an additional 229 shares during the period. Range Financial Group LLC lifted its position in shares of iShares MBS ETF by 6.7% during the first quarter. Range Financial Group LLC now owns 36,981 shares of the company’s stock worth $3,511,000 after purchasing an additional 2,331 shares in the last quarter. Yukon Wealth Management Inc. lifted its position in shares of iShares MBS ETF by 1.1% during the first quarter. Yukon Wealth Management Inc. now owns 29,259 shares of the company’s stock worth $2,778,000 after purchasing an additional 305 shares in the last quarter. Finally, Financial Freedom LLC boosted its stake in shares of iShares MBS ETF by 36.2% in the first quarter. Financial Freedom LLC now owns 1,583 shares of the company’s stock valued at $150,000 after purchasing an additional 421 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $93.67 on Wednesday. The firm has a 50 day simple moving average of $94.21 and a 200-day simple moving average of $94.99. iShares MBS ETF has a one year low of $92.40 and a one year high of $96.96.

iShares MBS ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).