Sequoia Financial Advisors LLC Has $689,000 Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Sequoia Financial Advisors LLC raised its position in iShares MBS ETF (NASDAQ:MBB) by 118.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,520 shares of the company’s stock after purchasing an additional 4,070 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares MBS ETF were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new stake in shares of iShares MBS ETF during the 3rd quarter valued at $289,000. Thrivent Financial for Lutherans lifted its position in shares of iShares MBS ETF by 92.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 743,690 shares of the company’s stock valued at $71,252,000 after acquiring an additional 357,445 shares during the period. Pettinga Financial Advisors LLC lifted its position in shares of iShares MBS ETF by 4.9% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 47,755 shares of the company’s stock valued at $4,575,000 after acquiring an additional 2,243 shares during the period. EQ LLC lifted its position in shares of iShares MBS ETF by 28.2% during the 3rd quarter. EQ LLC now owns 3,127 shares of the company’s stock valued at $300,000 after acquiring an additional 687 shares during the period. Finally, Theory Financial LLC lifted its position in shares of iShares MBS ETF by 2.5% during the 3rd quarter. Theory Financial LLC now owns 98,360 shares of the company’s stock valued at $9,132,000 after acquiring an additional 2,402 shares during the period. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Up 0.2 %

NASDAQ:MBB opened at $93.20 on Tuesday. The stock has a fifty day moving average price of $92.33 and a 200-day moving average price of $93.24. iShares MBS ETF has a fifty-two week low of $89.16 and a fifty-two week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date was Monday, March 3rd.

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).