Raymond James Financial Services Advisors Inc. Sells 12,253 Shares of iShares MBS ETF (NASDAQ:MBB)

Raymond James Financial Services Advisors Inc. lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 484,979 shares of the company’s stock after selling 12,253 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.14% of iShares MBS ETF worth $44,526,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MBB. Manhattan West Asset Management LLC grew its position in shares of iShares MBS ETF by 14.3% during the 4th quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock worth $4,490,000 after purchasing an additional 5,976 shares in the last quarter. Crewe Advisors LLC bought a new stake in shares of iShares MBS ETF during the 4th quarter valued at $82,000. CAP Partners LLC acquired a new stake in shares of iShares MBS ETF during the 4th quarter worth $1,082,000. Hilltop Holdings Inc. increased its position in shares of iShares MBS ETF by 0.3% in the fourth quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock worth $11,830,000 after purchasing an additional 343 shares during the period. Finally, US Financial Advisors LLC raised its stake in iShares MBS ETF by 7.2% in the fourth quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock valued at $2,133,000 after purchasing an additional 1,518 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB traded up $0.11 during midday trading on Monday, hitting $94.95. The stock had a trading volume of 972,982 shares, compared to its average volume of 2,311,913. The company’s 50-day moving average price is $93.05 and its 200-day moving average price is $91.96. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $95.85.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were issued a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date was Thursday, August 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31.

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).