iShares MBS ETF $MBB Shares Sold by RKL Wealth Management LLC

RKL Wealth Management LLC decreased its stake in iShares MBS ETF (NASDAQ:MBB – Free Report) by 3.8% in the third quarter, Holdings Channel.com reports. The firm owned 196,709 shares of the company’s stock after selling 7,709 shares during the period. iShares MBS ETF comprises about 1.4% of RKL Wealth Management LLC’s holdings, making the stock its 19th biggest position. RKL Wealth Management LLC’s holdings in iShares MBS ETF were worth $17,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its position in shares of iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in iShares MBS ETF during the 3rd quarter valued at $153,345,000. Rockland Trust Co. bought a new stake in iShares MBS ETF in the third quarter worth $59,468,000. Avidian Wealth Enterprises LLC bought a new stake in iShares MBS ETF in the third quarter worth $39,361,000. Finally, Bangor Savings Bank purchased a new position in iShares MBS ETF during the third quarter worth $38,457,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1%

NASDAQ MBB traded down $0.07 on Friday, hitting $90.52. 2,630,289 shares of the stock were exchanged, compared to its average volume of 3,225,338. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96. The stock has a fifty day moving average price of $91.58 and a two-hundred day moving average price of $93.32.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were paid a $0.3662 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Thursday, October 1st.

iShares MBS ETF Profile

(Free Report)

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).

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