Sequoia Financial Advisors LLC Buys 4,070 Shares of iShares MBS ETF (NASDAQ:MBB)

Sequoia Financial Advisors LLC lifted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 118.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,520 shares of the company’s stock after purchasing an additional 4,070 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $689,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC increased its holdings in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Key Financial Inc increased its holdings in shares of iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares during the last quarter. Activest Wealth Management acquired a new position in shares of iShares MBS ETF during the 4th quarter worth approximately $58,000. CENTRAL TRUST Co increased its holdings in shares of iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of iShares MBS ETF by 18.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock worth $73,000 after acquiring an additional 125 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $93.20 on Tuesday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The business’s 50 day simple moving average is $92.33 and its 200 day simple moving average is $93.24.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares MBS ETF

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).