Integrated Wealth Concepts LLC Lowers Position in iShares MBS ETF (NASDAQ:MBB)

Integrated Wealth Concepts LLC decreased its position in iShares MBS ETF (NASDAQ:MBB) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 203,951 shares of the company’s stock after selling 33,880 shares during the period. Integrated Wealth Concepts LLC owned about 0.06% of iShares MBS ETF worth $19,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MBB. HighTower Advisors LLC boosted its holdings in iShares MBS ETF by 8.1% during the third quarter. HighTower Advisors LLC now owns 227,133 shares of the company’s stock worth $21,751,000 after buying an additional 16,948 shares in the last quarter. Hilltop Holdings Inc. boosted its holdings in iShares MBS ETF by 46.5% during the third quarter. Hilltop Holdings Inc. now owns 194,818 shares of the company’s stock worth $18,665,000 after buying an additional 61,823 shares in the last quarter. Community Bank N.A. boosted its holdings in iShares MBS ETF by 96.7% during the third quarter. Community Bank N.A. now owns 16,113 shares of the company’s stock worth $1,544,000 after buying an additional 7,920 shares in the last quarter. Ascent Group LLC raised its position in iShares MBS ETF by 17.3% during the third quarter. Ascent Group LLC now owns 89,761 shares of the company’s stock worth $8,600,000 after acquiring an additional 13,212 shares during the last quarter. Finally, Benjamin Edwards Inc. acquired a new position in iShares MBS ETF during the third quarter worth about $5,378,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB opened at $93.50 on Tuesday. The company has a 50-day moving average of $93.67 and a two-hundred day moving average of $93.54. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd will be given a $0.3074 dividend. The ex-dividend date is Monday, December 2nd.

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).