Dynasty Wealth Management LLC Trims Holdings in iShares MBS ETF $MBB

Dynasty Wealth Management LLC reduced its stake in iShares MBS ETF (NASDAQ:MBB) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,457,076 shares of the company’s stock after selling 192,070 shares during the quarter. iShares MBS ETF makes up approximately 1.4% of Dynasty Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Dynasty Wealth Management LLC owned about 0.35% of iShares MBS ETF worth $138,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter valued at about $2,278,000. Vantus Wealth LLC purchased a new position in iShares MBS ETF during the fourth quarter worth about $209,000. ESL Trust Services LLC purchased a new position in iShares MBS ETF during the fourth quarter worth about $28,000. One Capital Management LLC boosted its holdings in iShares MBS ETF by 263.4% in the 4th quarter. One Capital Management LLC now owns 22,586 shares of the company’s stock valued at $2,151,000 after purchasing an additional 16,370 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC boosted its holdings in iShares MBS ETF by 24.5% in the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 23,384 shares of the company’s stock valued at $2,234,000 after purchasing an additional 4,607 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $94.32 on Wednesday. The firm has a 50 day simple moving average of $94.63 and a 200-day simple moving average of $95.23. iShares MBS ETF has a 1-year low of $91.56 and a 1-year high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be issued a $0.3334 dividend. The ex-dividend date is Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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).