Axxcess Wealth Management LLC Lowers Position in iShares MBS ETF (NASDAQ:MBB)

Axxcess Wealth Management LLC lessened its stake in iShares MBS ETF (NASDAQ:MBB) by 41.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,782 shares of the company’s stock after selling 4,134 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares MBS ETF were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. purchased a new stake in iShares MBS ETF in the 1st quarter worth approximately $26,000. Chris Bulman Inc purchased a new stake in iShares MBS ETF in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc purchased a new stake in iShares MBS ETF in the 1st quarter worth approximately $32,000. Rothschild Investment LLC purchased a new stake in iShares MBS ETF in the 2nd quarter worth approximately $33,000. Finally, Able Wealth Management LLC purchased a new stake in iShares MBS ETF in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1 %

Shares of NASDAQ:MBB opened at $96.15 on Friday. iShares MBS ETF has a 1 year low of $85.28 and a 1 year high of $96.76. The business’s 50 day moving average price is $94.79 and its 200-day moving average price is $92.61.

iShares MBS ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.3177 per share. The ex-dividend date was Tuesday, September 3rd.

iShares MBS ETF Profile

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).