Verus Capital Partners LLC Trims Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

Verus Capital Partners LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 25.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,964 shares of the company’s stock after selling 8,747 shares during the period. Verus Capital Partners LLC’s holdings in iShares MBS ETF were worth $2,289,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MBB. Hobbs Group Advisors LLC raised its stake in shares of iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after purchasing an additional 149 shares during the last quarter. MeadowBrook Investment Advisors LLC raised its position in iShares MBS ETF by 413.5% during the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after buying an additional 306 shares during the last quarter. Key Financial Inc raised its position in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after buying an additional 422 shares during the last quarter. Activest Wealth Management acquired a new stake in shares of iShares MBS ETF in the 4th quarter worth $58,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of iShares MBS ETF by 41.4% in the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock valued at $59,000 after acquiring an additional 189 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

NASDAQ MBB opened at $93.67 on Friday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The firm has a 50-day moving average price of $91.87 and a 200 day moving average price of $93.41.

iShares MBS ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.3414 per share. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date was Monday, February 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).