Valmark Advisers Inc. Reduces Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Valmark Advisers Inc. lowered its position in iShares MBS ETF (NASDAQ:MBB) by 4.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,133 shares of the company’s stock after selling 151 shares during the period. Valmark Advisers Inc.’s holdings in iShares MBS ETF were worth $287,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MBB. JPMorgan Chase & Co. boosted its stake in shares of iShares MBS ETF by 18.9% during the third quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock valued at $3,321,229,000 after acquiring an additional 5,521,374 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares MBS ETF by 6.3% during the third quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock valued at $1,838,565,000 after acquiring an additional 1,138,182 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of iShares MBS ETF by 8.3% during the third quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock valued at $1,750,027,000 after acquiring an additional 1,404,263 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of iShares MBS ETF by 0.8% during the third quarter. Stifel Financial Corp now owns 3,550,412 shares of the company’s stock valued at $340,165,000 after acquiring an additional 27,441 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of iShares MBS ETF by 12.0% during the fourth quarter. Allworth Financial LP now owns 3,439,456 shares of the company’s stock valued at $315,639,000 after acquiring an additional 369,555 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.5 %

MBB opened at $91.99 on Wednesday. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76. The business’s fifty day simple moving average is $91.82 and its 200 day simple moving average is $93.49.

iShares MBS ETF Increases Dividend

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

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).