Flagstar Advisors Inc. Trims Holdings in iShares MBS ETF

Flagstar Advisors Inc. has reduced its holdings in the iShares MBS ETF (NASDAQ:MBB), according to the latest 13F filing with the Securities and Exchange Commission. The financial advisor's stake in the ETF decreased by approximately 4.0% during the third quarter. After the sale of 139 shares, Flagstar Advisors Inc. maintained ownership of 3,340 shares. At the time of the most recent SEC filing, the value of these shares stood at $297,000.

Investment Activity Among Institutional Investors

Flagstar Advisors Inc. is not alone in modifying its investment in iShares MBS ETF. Fairfield Bush & CO. initiated a new position in the ETF in the first quarter, purchasing shares valued at $33,000. Synovus Financial Corp expanded its holdings by 3.8%, holding 14,266 shares worth $1,453,000. Mackay Shields LLC saw an 80.0% increase in its stake, totaling 4,927 shares valued at $502,000, while Moors & Cabot Inc. bolstered its ownership by 9.0%, with 8,130 shares totaling $828,000. Additionally, Baird Financial Group Inc. raised its stake by 15.8%, reaching a holding of 107,020 shares, representing a value of $10,902,000. Institutional investors and hedge funds own the lion's share of MBB stock, holding 92.51% in total.

Market Performance of iShares MBS ETF

iShares MBS ETF stock commenced trading at $93.88 on a recent Wednesday. It has a 52-week low of $85.28 and a 52-week high of $96.78, fluctuating with market conditions. The ETF's 50-day simple moving average was calculated at $89.99 with the 200-day average at $90.82, reflecting its performance over time.

Dividend Announced by iShares MBS ETF

The ETF recently issued a monthly dividend, disbursed on December 20th to shareholders of record as of December 15th. The per-share dividend was $0.2757, with the ex-dividend date set for December 14th. Annually, this dividend accumulates to $3.31, yielding a 3.52% dividend return.

About iShares MBS ETF

The iShares MBS ETF, previously branded as the iShares Barclays MBS Bond Fund, is an exchange-traded fund focused on tracking the performance of the Barclays Capital U.S. MBS Index. The Index encapsulates investment grade mortgage-backed pass-through securities, mainly issued by the Government National Mortgage Association (GNMA).

Additional Investment Considerations

Investors and financial analysts are continually looking at various funds, including MBB, for potential investment opportunities. Updated information about institutional holdings, insider trades, daily market updates, and analytical ratings can provide insights into market behavior and investment strategies.

Flagstar, iShares, ETF