Dynamic Advisor Solutions LLC Sells 1,028 Shares of iShares MBS ETF (NASDAQ:MBB)

Dynamic Advisor Solutions LLC cut its holdings in iShares MBS ETF (NASDAQ:MBB) by 17.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,848 shares of the company’s stock after selling 1,028 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares MBS ETF were worth $455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tompkins Financial Corp lifted its position in shares of iShares MBS ETF by 51.7% in the 1st quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after purchasing an additional 109 shares during the period. Curat Global LLC bought a new position in iShares MBS ETF in the first quarter worth approximately $30,000. Truvestments Capital LLC purchased a new stake in iShares MBS ETF during the fourth quarter worth $36,000. Key Financial Inc boosted its position in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after acquiring an additional 422 shares in the last quarter. Finally, Opal Wealth Advisors LLC bought a new stake in iShares MBS ETF during the 1st quarter valued at $57,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $92.74 on Thursday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.76. The stock has a fifty day moving average price of $92.42 and a 200-day moving average price of $92.49.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were paid a $0.3251 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.90 annualized dividend and a yield of 4.21%.

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).