Summit Financial LLC Sells 417 Shares of iShares MBS ETF (NASDAQ:MBB)

Summit Financial LLC reduced its holdings in iShares MBS ETF (NASDAQ:MBB) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,000 shares of the company’s stock after selling 417 shares during the quarter. Summit Financial LLC’s holdings in iShares MBS ETF were worth $642,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Hobbs Group Advisors LLC grew its position in shares of iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after buying an additional 149 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of iShares MBS ETF during the fourth quarter valued at $36,000. Key Financial Inc raised its holdings in shares of iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 422 shares during the last quarter. Activest Wealth Management purchased a new position in shares of iShares MBS ETF in the 4th quarter worth $58,000. Finally, CENTRAL TRUST Co increased its position in shares of iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after purchasing an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2 %

Shares of iShares MBS ETF stock opened at $93.59 on Thursday. The company’s fifty day simple moving average is $92.86 and its 200-day simple moving average is $93.05. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, April 4th. Investors of record on Tuesday, April 1st will be issued a $0.3309 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from iShares MBS ETF’s previous dividend of $0.32.

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).