Financial Enhancement Group LLC Sells 61,901 Shares of iShares MBS ETF (NASDAQ:MBB)

Financial Enhancement Group LLC decreased its stake in iShares MBS ETF (NASDAQ:MBB) by 92.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,378 shares of the company’s stock after selling 61,901 shares during the quarter. Financial Enhancement Group LLC’s holdings in iShares MBS ETF were worth $486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. raised its holdings in shares of iShares MBS ETF by 18.5% during the 4th quarter. Pinnacle Bancorp Inc. now owns 10,572 shares of the company’s stock valued at $969,000 after buying an additional 1,648 shares in the last quarter. Acropolis Investment Management LLC raised its position in iShares MBS ETF by 9.0% in the 4th quarter. Acropolis Investment Management LLC now owns 10,113 shares of the company’s stock worth $927,000 after purchasing an additional 839 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares MBS ETF by 18.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock worth $73,000 after purchasing an additional 125 shares during the last quarter. Park Avenue Securities LLC boosted its position in iShares MBS ETF by 9.9% during the fourth quarter. Park Avenue Securities LLC now owns 1,619,778 shares of the company’s stock valued at $148,501,000 after buying an additional 146,218 shares during the period. Finally, Community Trust & Investment Co. grew its stake in shares of iShares MBS ETF by 0.3% during the fourth quarter. Community Trust & Investment Co. now owns 100,575 shares of the company’s stock valued at $9,221,000 after buying an additional 291 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 1.1 %

MBB opened at $91.41 on Thursday. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76. The business’s 50-day moving average price is $92.30 and its 200-day moving average price is $93.60.

iShares MBS ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

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).