Tortoise Investment Management LLC Has $4.94 Million Stake in iShares MBS ETF $MBB

Tortoise Investment Management LLC decreased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 26.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 51,886 shares of the company’s stock after selling 18,945 shares during the quarter. Tortoise Investment Management LLC’s holdings in iShares MBS ETF were worth $4,937,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Delos Wealth Advisors LLC bought a new position in iShares MBS ETF in the second quarter worth $26,000. Howe & Rusling Inc. raised its stake in shares of iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 184 shares during the last quarter. Westfuller Advisors LLC bought a new position in iShares MBS ETF in the 3rd quarter valued at $33,000. Evolution Wealth Management Inc. bought a new position in shares of iShares MBS ETF in the second quarter valued at about $39,000. Finally, Realta Investment Advisors raised its stake in shares of iShares MBS ETF by 87.8% in the third quarter. Realta Investment Advisors now owns 507 shares of the company’s stock worth $48,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.5%

NASDAQ:MBB opened at $95.18 on Thursday. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.96. The stock’s fifty day moving average price is $95.78 and its two-hundred day moving average price is $95.43.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3278 per share. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

iShares MBS ETF Company 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).