Confluence Investment Management LLC Trims Stock Position in iShares MBS ETF (NASDAQ:MBB)

Confluence Investment Management LLC cut its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 3.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 190,066 shares of the company’s stock after selling 6,087 shares during the period. Confluence Investment Management LLC owned approximately 0.05% of iShares MBS ETF worth $18,210,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. St. Johns Investment Management Company LLC acquired a new stake in iShares MBS ETF during the third quarter worth approximately $30,000. Chris Bulman Inc purchased a new position in iShares MBS ETF during the 2nd quarter worth $31,000. Rothschild Investment LLC acquired a new position in iShares MBS ETF in the second quarter valued at $33,000. Godsey & Gibb Inc. acquired a new stake in shares of iShares MBS ETF during the third quarter worth about $33,000. Finally, PSI Advisors LLC grew its holdings in shares of iShares MBS ETF by 2,289.5% during the second quarter. PSI Advisors LLC now owns 454 shares of the company’s stock worth $42,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $93.08 on Friday. iShares MBS ETF has a 52-week low of $87.87 and a 52-week high of $96.76. The stock’s 50-day moving average price is $94.81 and its 200 day moving average price is $93.22.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.3099 per share. The ex-dividend date of this dividend was Friday, November 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).