Sovereign Financial Group Inc. Cuts Position in iShares MBS ETF (NASDAQ:MBB)

Sovereign Financial Group Inc. lowered its position in shares of iShares MBS ETF (NASDAQ:MBB) by 2.4% in the third quarter, Holdings Channel reports. The firm owned 8,217 shares of the company’s stock after selling 201 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares MBS ETF were worth $787,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its position in shares of iShares MBS ETF by 29.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,395 shares of the company’s stock worth $1,260,000 after acquiring an additional 3,016 shares in the last quarter. Cresset Asset Management LLC raised its position in iShares MBS ETF by 431.0% in the fourth quarter. Cresset Asset Management LLC now owns 217,754 shares of the company’s stock valued at $20,486,000 after purchasing an additional 176,747 shares during the period. Jacobi Capital Management LLC boosted its position in shares of iShares MBS ETF by 11.4% in the fourth quarter. Jacobi Capital Management LLC now owns 17,699 shares of the company’s stock worth $1,665,000 after buying an additional 1,811 shares during the period. Creative Planning grew its stake in shares of iShares MBS ETF by 5.4% in the fourth quarter. Creative Planning now owns 333,228 shares of the company’s stock valued at $31,350,000 after buying an additional 17,182 shares in the last quarter. Finally, Pacific Financial Group Inc. lifted its position in iShares MBS ETF by 2.4% during the 4th quarter. Pacific Financial Group Inc. now owns 9,105 shares of the company’s stock worth $857,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB opened at $94.47 on Wednesday. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $96.76. The business has a 50 day moving average price of $95.38 and a two-hundred day moving average price of $92.87.

iShares MBS ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.3177 dividend. 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).