iShares MBS ETF (NASDAQ:MBB) Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,365 shares of the company’s stock after selling 2,122 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in iShares MBS ETF were worth $1,042,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hobbs Group Advisors LLC increased its holdings in shares of iShares MBS ETF by 115.5% in the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at approximately $36,000. Key Financial Inc boosted its stake in shares of iShares MBS ETF by 4,220.0% in the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at approximately $58,000. Finally, CENTRAL TRUST Co boosted its stake in shares of iShares MBS ETF by 41.4% in 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 in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $93.55 on Friday. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The stock’s 50 day moving average price is $92.53 and its 200 day moving average price is $93.22.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.3204 dividend. The ex-dividend date 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).