Robertson Stephens Wealth Management LLC Reduces Holdings in iShares MBS ETF (NASDAQ:MBB)

Robertson Stephens Wealth Management LLC lowered its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 16.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 19,464 shares of the company’s stock after selling 3,705 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,784,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC grew 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 period. St. Johns Investment Management Company LLC bought a new stake in shares of iShares MBS ETF during the third quarter valued at approximately $30,000. Godsey & Gibb Inc. purchased a new stake in iShares MBS ETF in the third quarter worth $33,000. MeadowBrook Investment Advisors LLC raised its holdings in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares in the last quarter. Finally, CENTRAL TRUST Co lifted its position in iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after buying an additional 189 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $92.39 on Friday. The company’s fifty day moving average price is $92.06 and its 200-day moving average price is $93.54. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a $0.3414 dividend. The ex-dividend date was Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

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).