M&T Bank Corp Decreases Stake in iShares MBS ETF (NASDAQ:MBB)

M&T Bank Corp reduced its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 14.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 73,820 shares of the company’s stock after selling 12,746 shares during the period. M&T Bank Corp’s holdings in iShares MBS ETF were worth $6,945,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in 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 during the period. Ameriprise Financial Inc. raised its position in shares of iShares MBS ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after acquiring an additional 1,158,175 shares in the last quarter. TIAA Trust National Association acquired a new stake in shares of iShares MBS ETF during the 3rd quarter valued at approximately $374,403,000. Stifel Financial Corp raised its position in shares of iShares MBS ETF by 12.6% during the 3rd quarter. Stifel Financial Corp now owns 3,121,046 shares of the company’s stock valued at $277,150,000 after acquiring an additional 350,293 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of iShares MBS ETF by 4.7% during the 3rd quarter. Allworth Financial LP now owns 2,625,481 shares of the company’s stock valued at $233,143,000 after acquiring an additional 118,416 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $90.67 on Monday. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $95.70. The stock’s 50 day simple moving average is $91.27 and its 200 day simple moving average is $91.33.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be given a $0.2823 dividend. This represents a $3.39 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 1st.

iShares MBS ETF Company 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).