Brookstone Capital Management Sells 127,080 Shares of iShares MBS ETF (NASDAQ:MBB)

Brookstone Capital Management lowered its position in iShares MBS ETF (NASDAQ:MBB) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,514 shares of the company’s stock after selling 127,080 shares during the period. Brookstone Capital Management owned 0.10% of iShares MBS ETF worth $36,811,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MBB. Oppenheimer & Co. Inc. increased its holdings in shares of iShares MBS ETF by 7.1% in the second quarter. Oppenheimer & Co. Inc. now owns 16,422 shares of the company’s stock valued at $1,508,000 after purchasing an additional 1,083 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of iShares MBS ETF by 1.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 19,377 shares of the company’s stock valued at $1,779,000 after buying an additional 262 shares during the period. Federated Hermes Inc. raised its position in shares of iShares MBS ETF by 61.8% during the second quarter. Federated Hermes Inc. now owns 107,250 shares of the company’s stock worth $9,847,000 after acquiring an additional 40,950 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in shares of iShares MBS ETF during the second quarter valued at $189,000. Finally, Parallel Advisors LLC boosted its holdings in iShares MBS ETF by 13.9% in the second quarter. Parallel Advisors LLC now owns 22,577 shares of the company’s stock valued at $2,073,000 after acquiring an additional 2,747 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock traded down $0.13 during midday trading on Monday, reaching $90.39. The stock had a trading volume of 370,972 shares, compared to its average volume of 2,038,030. The business has a fifty day simple moving average of $92.40 and a two-hundred day simple moving average of $93.62. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.2944 dividend. The ex-dividend date of this dividend was Wednesday, December 18th.

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).