Crewe Advisors LLC Trims Stake in iShares MBS ETF (NASDAQ:MBB)

Crewe Advisors LLC reduced its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 23.8% in the third quarter, Holdings Channel reports. The institutional investor owned 848 shares of the company’s stock after selling 265 shares during the period. Crewe Advisors LLC’s holdings in iShares MBS ETF were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. St. Johns Investment Management Company LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $30,000. Chris Bulman Inc bought a new position in shares of iShares MBS ETF in the second quarter worth approximately $31,000. Rothschild Investment LLC bought a new position in shares of iShares MBS ETF in the second quarter worth approximately $33,000. Godsey & Gibb Inc. bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $33,000. Finally, MeadowBrook Investment Advisors LLC boosted its position in shares of 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 during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.2 %

MBB opened at $92.60 on Monday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The company has a 50 day simple moving average of $94.00 and a two-hundred day simple moving average of $93.44.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a dividend of $0.3099 per share. The ex-dividend date of this dividend was Friday, November 1st.

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).