Robertson Stephens Wealth Management LLC Cuts Stock Position in iShares MBS ETF (NASDAQ:MBB)

Robertson Stephens Wealth Management LLC cut its position in shares of iShares MBS ETF (NASDAQ:MBB) by 16.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,464 shares of the company’s stock after selling 3,705 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares MBS ETF were worth $1,784,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hobbs Group Advisors LLC increased its stake in iShares MBS ETF by 115.5% in the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $30,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF in the third quarter worth $33,000. MeadowBrook Investment Advisors LLC raised its holdings in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in iShares MBS ETF by 41.4% during the 4th 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 last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $92.39 on Friday. The company’s fifty day simple moving average is $92.06 and its two-hundred day simple moving average 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 announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.3414 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a boost from iShares MBS ETF’s previous dividend of $0.29.

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).