Bank of Montreal Can Decreases Stock Position in iShares MBS ETF (NASDAQ:MBB)

Bank of Montreal Can trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 59.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,012,219 shares of the company’s stock after selling 1,481,900 shares during the quarter. Bank of Montreal Can’s holdings in iShares MBS ETF were worth $93,671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MBB. Strait & Sound Wealth Management LLC raised its holdings in shares of iShares MBS ETF by 3.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock valued at $298,000 after purchasing an additional 117 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in shares of iShares MBS ETF by 1.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock valued at $888,000 after purchasing an additional 119 shares during the period. DB Fitzpatrick & Co Inc increased its position in shares of iShares MBS ETF by 0.6% during the 2nd quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock valued at $1,792,000 after purchasing an additional 119 shares during the last quarter. W Advisors LLC lifted its stake in shares of iShares MBS ETF by 2.9% in the 1st quarter. W Advisors LLC now owns 4,329 shares of the company’s stock worth $400,000 after purchasing an additional 124 shares during the period. Finally, New Republic Capital LLC boosted its holdings in shares of iShares MBS ETF by 5.0% in the first quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock worth $244,000 after buying an additional 125 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.2 %

MBB opened at $96.25 on Wednesday. The firm’s 50 day simple moving average is $94.92 and its two-hundred day simple moving average is $92.66. iShares MBS ETF has a 1-year low of $85.28 and a 1-year high of $96.76.

iShares MBS ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a dividend of $0.3177 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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).