Phillips Financial Management LLC Sells 168 Shares of iShares MBS ETF (NASDAQ:MBB)

Phillips Financial Management LLC trimmed its holdings in iShares MBS ETF (NASDAQ:MBB) by 12.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,140 shares of the company’s stock after selling 168 shares during the period. Phillips Financial Management LLC’s holdings in iShares MBS ETF were worth $109,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Blueprint LLC raised its holdings in iShares MBS ETF by 0.6% in the 3rd quarter. Strategic Blueprint LLC now owns 18,707 shares of the company’s stock valued at $1,792,000 after acquiring an additional 116 shares during the period. DB Fitzpatrick & Co Inc grew its position in shares of iShares MBS ETF by 0.6% in the second quarter. DB Fitzpatrick & Co Inc now owns 19,518 shares of the company’s stock valued at $1,792,000 after purchasing an additional 119 shares during the last quarter. Cypress Wealth Services LLC increased its stake in shares of iShares MBS ETF by 0.3% during the third quarter. Cypress Wealth Services LLC now owns 46,586 shares of the company’s stock worth $4,463,000 after purchasing an additional 120 shares during the period. Savvy Advisors Inc. lifted its holdings in iShares MBS ETF by 4.3% during the 3rd quarter. Savvy Advisors Inc. now owns 2,918 shares of the company’s stock worth $280,000 after purchasing an additional 121 shares during the last quarter. Finally, Lodestar Private Asset Management LLC lifted its holdings in iShares MBS ETF by 0.6% during the 3rd quarter. Lodestar Private Asset Management LLC now owns 20,693 shares of the company’s stock worth $1,983,000 after purchasing an additional 131 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Up 0.1 %

Shares of NASDAQ MBB opened at $92.23 on Tuesday. The stock’s fifty day moving average price is $94.33 and its two-hundred day moving average price is $93.40. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.3099 dividend. The ex-dividend date of this dividend was Friday, November 1st.

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).