Scarborough Advisors LLC Decreases Stock Position in iShares MBS ETF (NASDAQ:MBB)

Scarborough Advisors LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,650 shares of the company’s stock after selling 428 shares during the quarter. iShares MBS ETF accounts for about 1.0% of Scarborough Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Scarborough Advisors LLC’s holdings in iShares MBS ETF were worth $5,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Manhattan West Asset Management LLC raised its stake in shares of iShares MBS ETF by 14.3% during the fourth quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock valued at $4,490,000 after acquiring an additional 5,976 shares during the last quarter. Crewe Advisors LLC purchased a new position in iShares MBS ETF during the 4th quarter valued at about $82,000. CAP Partners LLC bought a new position in iShares MBS ETF during the 4th quarter valued at approximately $1,082,000. Hilltop Holdings Inc. lifted its holdings in iShares MBS ETF by 0.3% in the 4th quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock worth $11,830,000 after buying an additional 343 shares during the period. Finally, US Financial Advisors LLC grew its position in shares of iShares MBS ETF by 7.2% in the 4th quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock worth $2,133,000 after buying an additional 1,518 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB opened at $92.61 on Monday. The stock’s 50 day moving average price is $90.81 and its 200-day moving average price is $91.93. iShares MBS ETF has a 52-week low of $85.28 and a 52-week high of $94.55.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were given a dividend of $0.3002 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date was Monday, June 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).