Checchi Capital Advisers LLC lessened its holdings in iShares MBS ETF (NASDAQ:MBB) by 45.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,543 shares of the company’s stock after selling 87,049 shares during the period. iShares MBS ETF accounts for approximately 1.3% of Checchi Capital Advisers LLC’s portfolio, making the stock its 3rd largest holding. Checchi Capital Advisers LLC owned approximately 0.07% of iShares MBS ETF worth $10,906,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Financial Gravity Wealth Inc. purchased a new stake in iShares MBS ETF during the 1st quarter valued at $28,000. Strategy Asset Managers LLC purchased a new stake in iShares MBS ETF during the 1st quarter valued at $37,000. ERTS Wealth Advisors LLC purchased a new stake in iShares MBS ETF during the 4th quarter valued at $42,000. Prime Capital Investment Advisors LLC purchased a new stake in iShares MBS ETF during the 1st quarter valued at $44,000. Finally, Enterprise Financial Services Corp raised its stake in iShares MBS ETF by 4,030.0% during the 1st quarter. Enterprise Financial Services Corp now owns 413 shares of the company’s stock valued at $44,000 after buying an additional 403 shares during the last quarter.
MBB traded down $0.08 during mid-day trading on Friday, reaching $107.08. 678,461 shares of the company traded hands, compared to its average volume of 1,223,934. iShares MBS ETF has a 52-week low of $101.75 and a 52-week high of $107.21.
The firm also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, June 4th were given a dividend of $0.2618 per share. This represents a $3.14 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Monday, June 3rd.
iShares MBS ETF 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).
Further Reading: Quiet Period
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