Cape Investment Advisory Inc. Sells 589 Shares of iShares MBS ETF (NASDAQ:MBB)

Cape Investment Advisory Inc. decreased its position in iShares MBS ETF (NASDAQ:MBB) by 29.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,394 shares of the company’s stock after selling 589 shares during the quarter. Cape Investment Advisory Inc.’s holdings in iShares MBS ETF were worth $129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Jane Street Group LLC increased its position in iShares MBS ETF by 542.0% during the first quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock valued at $779,016,000 after acquiring an additional 7,116,171 shares during the last quarter. Charles Schwab Investment Advisory Inc. lifted its stake in iShares MBS ETF by 25.3% in the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after purchasing an additional 1,102,208 shares during the last quarter. TIAA Trust National Association boosted its position in shares of iShares MBS ETF by 11.8% during the first quarter. TIAA Trust National Association now owns 4,661,182 shares of the company’s stock valued at $431,253,000 after buying an additional 493,780 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares MBS ETF by 6.3% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,792,215 shares of the company’s stock valued at $258,056,000 after buying an additional 164,686 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of iShares MBS ETF by 5.8% in the first quarter. Allworth Financial LP now owns 2,777,089 shares of the company’s stock worth $256,659,000 after buying an additional 152,564 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of MBB stock traded up $1.20 during mid-day trading on Friday, hitting $95.22. The stock had a trading volume of 1,607,461 shares, compared to its average volume of 2,335,353. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $95.27. The firm’s 50-day moving average is $92.29 and its two-hundred day moving average is $91.84.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st will be given a $0.3086 dividend. This represents a $3.70 annualized dividend and a dividend yield of 3.89%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend is Thursday, August 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).