Choreo LLC Grows Position in iShares MBS ETF (NASDAQ:MBB)

Choreo LLC grew its holdings in iShares MBS ETF (NASDAQ:MBB) by 41.0% in the 4th quarter, HoldingsChannel reports. The firm owned 59,810 shares of the company’s stock after buying an additional 17,381 shares during the quarter. Choreo LLC’s holdings in iShares MBS ETF were worth $5,627,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MBB. TIAA Trust National Association bought a new position in iShares MBS ETF in the third quarter worth approximately $374,403,000. JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock worth $2,422,987,000 after acquiring an additional 2,719,637 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of iShares MBS ETF during the 3rd quarter worth $223,373,000. Bank of New York Mellon Corp boosted its position in iShares MBS ETF by 87.6% during the third quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock valued at $321,118,000 after purchasing an additional 1,688,344 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in iShares MBS ETF by 9.5% in the third quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after purchasing an additional 1,158,175 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $90.02 on Tuesday. iShares MBS ETF has a one year low of $85.28 and a one year high of $95.70. The firm has a 50-day simple moving average of $91.39 and a two-hundred day simple moving average of $91.25.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.2827 dividend. This represents a $3.39 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend was Monday, April 1st.

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).