Axxcess Wealth Management LLC Cuts Stock Position in iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC lessened its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 13.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,916 shares of the company’s stock after selling 1,513 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $916,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Simplicity Solutions LLC raised its stake in shares of iShares MBS ETF by 3.6% during the fourth quarter. Simplicity Solutions LLC now owns 3,367 shares of the company’s stock worth $317,000 after purchasing an additional 117 shares during the last quarter. Strait & Sound Wealth Management LLC grew its holdings in iShares MBS ETF by 3.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 3,309 shares of the company’s stock worth $298,000 after acquiring an additional 117 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in iShares MBS ETF by 1.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 9,606 shares of the company’s stock worth $888,000 after acquiring an additional 119 shares during the period. W Advisors LLC grew its holdings in iShares MBS ETF by 2.9% during the first quarter. W Advisors LLC now owns 4,329 shares of the company’s stock worth $400,000 after acquiring an additional 124 shares during the period. Finally, New Republic Capital LLC grew its holdings in iShares MBS ETF by 5.0% during the first quarter. New Republic Capital LLC now owns 2,636 shares of the company’s stock worth $244,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.4 %

MBB stock traded up $0.39 on Friday, reaching $93.12. 865,829 shares of the company’s stock were exchanged, compared to its average volume of 2,369,758. The stock has a fifty day moving average of $91.97 and a 200-day moving average of $91.84. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $94.55.

iShares MBS ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a dividend of $0.3053 per share. This represents a $3.66 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Monday, July 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).