Legacy Financial Group LLC Reduces Holdings in iShares MBS ETF

Legacy Financial Group LLC has scaled down its investment in iShares MBS ETF (NASDAQ:MBB), with a reported 14.5% decrease in share ownership during the third quarter. This information comes from the investment firm's most recent Form 13F filing with the Securities and Exchange Commission. Post-transaction, Legacy Financial Group LLC retains 52,827 shares of the ETF's stock, after divesting 8,948 shares within the quarter. iShares MBS ETF's presence in Legacy Financial Group's portfolio is minimal, yet it ranks as their 21st largest holding.

Investment Changes Among Other Firms

A surge of activity among various institutional investors has been noticeable with respect to their positions in MBB. While Meitav Investment House Ltd. initiated a new position in the ETF during the second quarter, worth approximately $25,000, Ambassador Advisors LLC notably increased their share count by 332.8% during the first quarter, bringing their total ownership to 277 shares valued at $26,000. Avior Wealth Management LLC marked a significant uptake of 535.3% in their stake in the third quarter, whereas Fairfield Bush & CO. opened a new position in the same period. Additionally, Salem Investment Counselors Inc. raised its stake in iShares MBS ETF by 45.9% in the third quarter. Overall, hedge funds and other institutional investors claim 92.51% of the ETF's stock.

Market Performance of iShares MBS ETF

On the trading front, iShares MBS ETF saw a slight decline of 0.4% in its stock price on a recent trading day, closing at $93.14 with a trading volume of 871,377 shares and comparing to an average volume of 1,368,205. The 50-day and 200-day simple moving averages sat at $90.78 and $90.84, respectively. The ETF's price fluctuated between a low of $85.28 and a high of $96.78 in the past year.

Dividend Distribution

A monthly dividend was also announced by the company, with the payment being distributed on December 20th to shareholders who were on record as of December 15th. The dividend issued amounted to $0.2757 per share, leading to an annualized figure of $3.31 and a yield of 3.55%. The ex-dividend date was set on December 14th.

About iShares MBS ETF

The iShares MBS ETF is an exchange-traded fund that aims to replicate the investment results that match the performance and yield of the Barclays Capital U.S. MBS Index. This index is a gauge for the investment-grade mortgage-backed pass-through securities that are issued by government entities such as the Government National Mortgage (GNMA).

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