Sovran Advisors LLC Has $4.09 Million Stake in iShares MBS ETF (NASDAQ:MBB)

by · The Cerbat Gem

Sovran Advisors LLC raised its stake in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 44,251 shares of the company’s stock after purchasing an additional 430 shares during the quarter. Sovran Advisors LLC’s holdings in iShares MBS ETF were worth $4,092,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its position in iShares MBS ETF by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,145,987 shares of the company’s stock worth $107,471,000 after acquiring an additional 7,974 shares during the last quarter. Cornerstone Advisors Asset Management LLC acquired a new position in iShares MBS ETF in the first quarter worth $694,000. Golden State Wealth Management LLC boosted its stake in iShares MBS ETF by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 3,994 shares of the company’s stock worth $375,000 after purchasing an additional 1,410 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of iShares MBS ETF by 50.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 754,690 shares of the company’s stock worth $70,748,000 after purchasing an additional 253,908 shares during the last quarter. Finally, Money Concepts Capital Corp increased its stake in shares of iShares MBS ETF by 900.4% in the first quarter. Money Concepts Capital Corp now owns 27,342 shares of the company’s stock valued at $2,564,000 after buying an additional 24,609 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.4%

Shares of MBB stock opened at $93.53 on Friday. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.76. The firm’s 50 day moving average is $92.55 and its 200-day moving average is $92.47.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.17%.

About iShares MBS ETF

(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).

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