Sequoia Financial Advisors LLC Reduces Its Stake in iShares MBS ETF

Sequoia Financial Advisors LLC has reduced its holdings in the iShares MBS ETF (NASDAQ:MBB) by 5.0% during the third quarter, according to reports from Holdings Channel. After selling 183 shares, the fund now owns a total of 3,450 shares of the ETF. As of the latest filing with the Securities and Exchange Commission, Sequoia Financial Advisors LLC's investment in the iShares MBS ETF is valued at approximately $331,000.

In addition to Sequoia Financial Advisors LLC, other large investors have also adjusted their investment positions in the iShares MBS ETF. For instance, Calton & Associates Inc. made a new investment in the ETF, acquiring a position valued at $207,000 during the same quarter. Meanwhile, Foundations Investment Advisors LLC increased its stake by 6.4%, owning 318,530 shares worth about $30.5 million after purchasing an extra 19,129 shares.

Raleigh Capital Management Inc. expanded its holdings in the ETF significantly, by 40.6%, now owning 2,979 shares after adding 860 shares to its portfolio. Another firm, Horst & Graben Wealth Management LLC, also saw an increase in its holdings, raising its total by 1.8% to 226,830 shares, which are valued at $21.7 million after acquiring an additional 4,102 shares. Lastly, Sharkey Howes & Javer increased its position in the fund by 6.8%, ending up with 188,593 shares worth approximately $18.1 million. All these investors together own about 91.7% of the iShares MBS ETF.

Current Trading Information for iShares MBS ETF

As of today, the iShares MBS ETF traded at $92.80. The 50-day moving average for the ETF stands at $95.19, while the 200-day moving average price is $93.10. Over the past year, the ETF has experienced a low of $86.17 and a high of $96.76.

Recent Dividend Announcement

The iShares MBS ETF also recently announced a dividend, which was distributed on September 6th. Stockholders who were on record by September 3rd received a dividend payment of $0.3177 per share, with the ex-dividend date being the same day.

Overview of iShares MBS ETF

The iShares MBS ETF is an exchange-traded fund that aims to provide investment results that are reflective of the price and yield performance of the Barclays Capital U.S. MBS Index. This index includes mortgage-backed securities that are issued by the Government National Mortgage Association (GNMA) and are generally considered to be of investment grade.

Sequoia, Investors, Dividends