Sequoia Financial Advisors LLC Decreases Stake in iShares MBS ETF (NASDAQ:MBB)

Sequoia Financial Advisors LLC has reduced its investment in the iShares MBS ETF (NASDAQ:MBB – Free Report) by 5.0% during the third quarter, according to reports from Holdings Channel. After selling 183 shares in this period, the fund now holds a total of 3,450 shares of the ETF. As of the latest filing with the Securities and Exchange Commission, these holdings are valued at approximately $331,000.

In addition to Sequoia Financial Advisors LLC, other institutional investors have also adjusted their positions in the iShares MBS ETF. Notably, Calton & Associates Inc. established a new investment in the ETF during the same quarter, worth $207,000. Foundations Investment Advisors LLC increased its stake by 6.4%, now owning 318,530 shares valued at $30,518,000 after acquiring an additional 19,129 shares in the period. Likewise, Raleigh Capital Management Inc. enhanced its position by 40.6%, bringing its total shares to 2,979 with a current value of $285,000 after purchasing an extra 860 shares. Horst & Graben Wealth Management LLC also upped its stake by 1.8%, now holding 226,830 shares valued at $21,733,000 after adding 4,102 shares. Finally, Sharkey Howes & Javer increased its position by 6.8%, with total ownership now at 188,593 shares worth $18,069,000 after buying 11,959 additional shares.

iShares MBS ETF Market Overview

On a recent trading day, shares of the iShares MBS ETF opened at $92.80. The ETF's fifty-day moving average stands at $95.19, while the two-hundred-day moving average is $93.10. Over the last year, the stock has seen a low of $86.17 and a high of $96.76.

Recent Dividend Announcement

The iShares MBS ETF also recently declared a dividend, which was distributed to shareholders on September 6th. Those on record as of September 3rd received a dividend payout of $0.3177 per share, and the ex-dividend date was likewise September 3rd.

About the iShares MBS ETF

The iShares MBS ETF, previously known as the iShares Barclays MBS Bond Fund, is an exchange-traded fund that aims to deliver investment results that reflect the performance of the Barclays Capital U.S. MBS Index. This index tracks the performance of investment-grade mortgage-backed pass-through securities that are issued by the Government National Mortgage Association (GNMA).

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