Kraft Davis & Associates LLC Sells 1,231 Shares of iShares MBS ETF (NASDAQ:MBB)

Kraft Davis & Associates LLC decreased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,369 shares of the company’s stock after selling 1,231 shares during the quarter. Kraft Davis & Associates LLC’s holdings in iShares MBS ETF were worth $219,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairfield Bush & CO. bought a new position in shares of iShares MBS ETF in the 1st quarter valued at approximately $33,000. Synovus Financial Corp grew its holdings in iShares MBS ETF by 3.8% during the first quarter. Synovus Financial Corp now owns 14,266 shares of the company’s stock valued at $1,453,000 after purchasing an additional 519 shares during the last quarter. Mackay Shields LLC lifted its stake in shares of iShares MBS ETF by 80.0% in the first quarter. Mackay Shields LLC now owns 4,927 shares of the company’s stock worth $502,000 after buying an additional 2,190 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of iShares MBS ETF by 9.0% during the 1st quarter. Moors & Cabot Inc. now owns 8,130 shares of the company’s stock worth $828,000 after buying an additional 671 shares during the period. Finally, Baird Financial Group Inc. grew its stake in iShares MBS ETF by 15.8% in the 1st quarter. Baird Financial Group Inc. now owns 107,020 shares of the company’s stock valued at $10,902,000 after buying an additional 14,625 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB traded up $0.01 during trading on Friday, hitting $89.73. The stock had a trading volume of 2,683,861 shares, compared to its average volume of 2,577,069. iShares MBS ETF has a 12 month low of $85.28 and a 12 month high of $95.70. The company has a 50 day simple moving average of $91.62 and a 200-day simple moving average of $91.11.

iShares MBS ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a $0.2827 dividend. The ex-dividend date was Monday, April 1st. This represents a $3.39 dividend on an annualized basis and a dividend yield of 3.78%.

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).