Westover Capital Advisors LLC Sells 797 Shares of iShares MBS ETF (NASDAQ:MBB)

Westover Capital Advisors LLC lowered its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,668 shares of the company’s stock after selling 797 shares during the period. iShares MBS ETF makes up 2.4% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. Westover Capital Advisors LLC’s holdings in iShares MBS ETF were worth $7,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MBB. TIAA Trust National Association bought a new position in shares of iShares MBS ETF in the third quarter worth $374,403,000. JPMorgan Chase & Co. increased its holdings in shares of iShares MBS ETF by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock worth $2,422,987,000 after purchasing an additional 2,719,637 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MBS ETF in the third quarter worth $223,373,000. Bank of New York Mellon Corp raised its holdings in shares of iShares MBS ETF by 87.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock valued at $321,118,000 after acquiring an additional 1,688,344 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares MBS ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after acquiring an additional 1,158,175 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.4 %

NASDAQ:MBB traded up $0.40 during mid-day trading on Thursday, reaching $90.16. 1,252,558 shares of the company’s stock traded hands, compared to its average volume of 2,663,299. The company has a 50 day moving average price of $91.32 and a 200-day moving average price of $91.25. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $95.70.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be given a dividend of $0.2823 per share. This represents a $3.39 annualized dividend and a yield of 3.76%. The ex-dividend date is Wednesday, May 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).