Arkadios Wealth Advisors Decreases Stake in iShares MBS ETF (NASDAQ:MBB)

Arkadios Wealth Advisors decreased its position in iShares MBS ETF (NASDAQ:MBB) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,461 shares of the company’s stock after selling 969 shares during the period. Arkadios Wealth Advisors’ holdings in iShares MBS ETF were worth $2,151,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MBB. Hobbs Group Advisors LLC increased its stake in iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. St. Johns Investment Management Company LLC purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $30,000. Godsey & Gibb Inc. purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $33,000. MeadowBrook Investment Advisors LLC increased its stake in shares of iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of iShares MBS ETF by 254.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after purchasing an additional 333 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $91.59 on Friday. The company has a 50 day moving average of $92.23 and a 200-day moving average of $93.59. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

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).