Pine Valley Investments Ltd Liability Co Cuts Holdings in iShares MBS ETF (NASDAQ:MBB)

Pine Valley Investments Ltd Liability Co lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 22.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,666 shares of the company’s stock after selling 752 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in iShares MBS ETF were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. bought a new stake in iShares MBS ETF in the 3rd quarter worth about $289,000. Kestra Investment Management LLC boosted its holdings in shares of iShares MBS ETF by 265.9% during the 3rd quarter. Kestra Investment Management LLC now owns 249,363 shares of the company’s stock valued at $23,891,000 after acquiring an additional 181,210 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of iShares MBS ETF by 272.8% in the fourth quarter. Fifth Third Bancorp now owns 1,633 shares of the company’s stock worth $150,000 after acquiring an additional 1,195 shares during the period. Cerity Partners LLC raised its holdings in shares of iShares MBS ETF by 0.5% during the third quarter. Cerity Partners LLC now owns 39,068 shares of the company’s stock valued at $3,743,000 after purchasing an additional 206 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY lifted its position in iShares MBS ETF by 2.0% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 24,696 shares of the company’s stock valued at $2,366,000 after purchasing an additional 495 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $93.67 on Friday. The firm’s 50 day moving average is $91.87 and its 200 day moving average is $93.41. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued a $0.3414 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).