Drucker Wealth 3.0 LLC Sells 682 Shares of iShares MBS ETF (NASDAQ:MBB)

Drucker Wealth 3.0 LLC lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 13.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,383 shares of the company’s stock after selling 682 shares during the period. Drucker Wealth 3.0 LLC’s holdings in iShares MBS ETF were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF during the 3rd quarter valued at approximately $30,000. Chris Bulman Inc bought a new position in shares of iShares MBS ETF during the second quarter valued at $31,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF in the 3rd quarter worth about $33,000. Rothschild Investment LLC purchased a new position in shares of iShares MBS ETF in the 2nd quarter worth about $33,000. Finally, MeadowBrook Investment Advisors LLC boosted its stake in iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $93.64 on Tuesday. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76. The firm has a 50-day simple moving average of $93.43 and a two-hundred day simple moving average of $93.62.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were given a dividend of $0.3074 per share. The ex-dividend date of this dividend was Monday, December 2nd.

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).