Tritonpoint Wealth LLC Sells 8,323 Shares of iShares MBS ETF (NASDAQ:MBB)

Tritonpoint Wealth LLC lessened its position in iShares MBS ETF (NASDAQ:MBB) by 23.1% in the first quarter, HoldingsChannel.com reports. The fund owned 27,767 shares of the company’s stock after selling 8,323 shares during the period. Tritonpoint Wealth LLC’s holdings in iShares MBS ETF were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Investments LLC lifted its stake in shares of iShares MBS ETF by 7.0% during the 1st quarter. Parkside Investments LLC now owns 152,963 shares of the company’s stock worth $14,345,000 after buying an additional 9,977 shares during the last quarter. Rockland Trust Co. raised its stake in iShares MBS ETF by 6.4% in the 1st quarter. Rockland Trust Co. now owns 598,446 shares of the company’s stock worth $56,122,000 after purchasing an additional 35,953 shares in the last quarter. Spectrum Asset Management Inc. NB CA acquired a new stake in iShares MBS ETF in the 1st quarter worth about $11,007,000. Fifth Third Bancorp raised its position in shares of iShares MBS ETF by 78.5% in the 1st quarter. Fifth Third Bancorp now owns 2,915 shares of the company’s stock valued at $273,000 after buying an additional 1,282 shares in the last quarter. Finally, Arvest Investments Inc. raised its position in shares of iShares MBS ETF by 1.9% in the 1st quarter. Arvest Investments Inc. now owns 244,275 shares of the company’s stock valued at $22,908,000 after buying an additional 4,561 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $92.54 on Friday. The firm has a 50 day moving average of $92.42 and a 200-day moving average of $92.51. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were given a $0.3251 dividend. This represents a $3.90 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Monday, June 2nd.

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).