Sowell Financial Services LLC Has $2.03 Million Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Sowell Financial Services LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBBGet Rating) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,853 shares of the company’s stock after selling 653 shares during the period. Sowell Financial Services LLC’s holdings in iShares MBS ETF were worth $2,025,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC raised its stake in iShares MBS ETF by 4.7% in the third quarter. Moneta Group Investment Advisors LLC now owns 2,090 shares of the company’s stock valued at $226,000 after buying an additional 94 shares during the period. Steward Partners Investment Advisory LLC raised its stake in iShares MBS ETF by 0.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,662 shares of the company’s stock valued at $2,435,000 after buying an additional 100 shares during the period. 180 Wealth Advisors LLC raised its stake in iShares MBS ETF by 1.4% in the fourth quarter. 180 Wealth Advisors LLC now owns 7,473 shares of the company’s stock valued at $791,000 after buying an additional 102 shares during the period. Cahaba Wealth Management Inc. raised its stake in iShares MBS ETF by 2.0% in the fourth quarter. Cahaba Wealth Management Inc. now owns 5,599 shares of the company’s stock valued at $601,000 after buying an additional 108 shares during the period. Finally, Source Financial Advisors LLC raised its stake in iShares MBS ETF by 0.8% in the third quarter. Source Financial Advisors LLC now owns 14,329 shares of the company’s stock valued at $1,550,000 after buying an additional 112 shares during the period.

Shares of NASDAQ MBB opened at $98.06 on Thursday. iShares MBS ETF has a 1-year low of $97.21 and a 1-year high of $108.86. The business’s 50 day moving average is $101.02 and its 200-day moving average is $104.69.

The company also recently announced a monthly dividend, which will be paid on Friday, May 6th. Stockholders of record on Tuesday, May 3rd will be paid a dividend of $0.148 per share. The ex-dividend date of this dividend is Monday, May 2nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.14.

About iShares MBS ETF (Get Rating)

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).

See Also

Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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