iShares MBS ETF (NASDAQ:MBB) Shares Sold by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. cut its stake in iShares MBS ETF (NASDAQ:MBB) by 37.6% in the fourth quarter, Holdings Channel reports. The firm owned 4,948 shares of the company’s stock after selling 2,982 shares during the period. Pinnacle Wealth Management Group Inc.’s holdings in iShares MBS ETF were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC lifted its position in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after purchasing an additional 149 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at about $30,000. Godsey & Gibb Inc. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at about $33,000. MeadowBrook Investment Advisors LLC lifted its holdings in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of iShares MBS ETF by 254.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock worth $44,000 after buying an additional 333 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Trading Down 0.2 %

Shares of MBB stock opened at $90.37 on Tuesday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The stock has a 50 day moving average of $92.35 and a 200 day moving average of $93.61.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

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).