Sequoia Financial Advisors LLC Reduces Stake in iShares MBS ETF

Sequoia Financial Advisors LLC has decreased its position in the iShares MBS ETF (NASDAQ:MBB) by 5.0% during the third quarter, according to reports from Holdings Channel. After selling 183 shares during this period, the firm now holds a total of 3,450 shares of the ETF. The value of Sequoia Financial Advisors LLC's holdings in iShares MBS ETF stands at approximately $331,000 based on its latest submission to the Securities and Exchange Commission.

In addition to Sequoia's adjustment to its holdings, other significant investors have also altered their stakes in iShares MBS ETF. For instance, Calton & Associates Inc. established a new position in iShares MBS ETF worth $207,000 during the third quarter. Meanwhile, Foundations Investment Advisors LLC expanded its position by 6.4%, bringing its total to 318,530 shares worth about $30,518,000 after acquiring 19,129 additional shares. Raleigh Capital Management Inc. also increased its stake by 40.6%, now owning 2,979 shares valued at $285,000 after a purchase of 860 shares. Horst & Graben Wealth Management LLC raised its holdings by 1.8%, owning 226,830 shares valued at $21,733,000 after adding 4,102 shares. Lastly, Sharkey Howes & Javer increased their stake by 6.8%, holding 188,593 shares valued at around $18,069,000 following the acquisition of 11,959 shares. It is notable that institutional investors collectively own about 91.70% of the fund's stock.

Recent Trading Activity

As of Tuesday, MBB shares opened at $92.80. The ETF's fifty-day moving average price stands at $95.19, while the two-hundred-day moving average is approximately $93.10. Over the past year, the iShares MBS ETF has seen a low of $86.17 and a high of $96.76.

Dividend Announcement Details

The company recently declared a dividend which was paid on September 6th. Shareholders who were on record as of September 3rd received a dividend of $0.3177 per share, with the ex-dividend date also set for September 3rd.

Overview of iShares MBS ETF

The iShares MBS ETF is designed to track the performance of the Barclays Capital U.S. MBS Index. This index measures the performance of investment-grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA).

Sequoia, MBS, ETFs