Kingsview Wealth Management LLC Sells 47,970 Shares of iShares MBS ETF (NASDAQ:MBB)

Kingsview Wealth Management LLC reduced its stake in iShares MBS ETF (NASDAQ:MBB) by 24.1% during the third quarter, Holdings Channel.com reports. The fund owned 151,110 shares of the company’s stock after selling 47,970 shares during the quarter. Kingsview Wealth Management LLC’s holdings in iShares MBS ETF were worth $14,478,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Alesco Advisors LLC grew its stake in iShares MBS ETF by 12.2% in the 3rd quarter. Alesco Advisors LLC now owns 8,485 shares of the company’s stock worth $813,000 after acquiring an additional 920 shares in the last quarter. Optivise Advisory Services LLC bought a new position in shares of iShares MBS ETF during the third quarter valued at approximately $1,439,000. Great Valley Advisor Group Inc. boosted its stake in shares of iShares MBS ETF by 26.7% during the third quarter. Great Valley Advisor Group Inc. now owns 12,132 shares of the company’s stock valued at $1,162,000 after purchasing an additional 2,553 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of iShares MBS ETF during the third quarter valued at approximately $222,000. Finally, Nwam LLC bought a new position in shares of iShares MBS ETF during the third quarter valued at approximately $663,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.2 %

NASDAQ MBB opened at $92.60 on Friday. The firm’s 50 day moving average price is $94.00 and its 200-day moving average price is $93.41. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a dividend of $0.3099 per share. The ex-dividend date was Friday, November 1st.

iShares MBS ETF Profile

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).