State of New Jersey Common Pension Fund D Reduces Holdings in iShares MBS ETF $MBB

State of New Jersey Common Pension Fund D reduced its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 450,000 shares of the company’s stock after selling 100,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in iShares MBS ETF were worth $42,818,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. TIAA Trust National Association grew its holdings in shares of iShares MBS ETF by 349.3% during the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after purchasing an additional 18,631,536 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares MBS ETF by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after purchasing an additional 1,796,449 shares during the period. Prudential Financial Inc. boosted its position in shares of iShares MBS ETF by 10,569.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock valued at $137,429,000 after purchasing an additional 1,450,000 shares during the period. Annex Advisory Services LLC purchased a new position in iShares MBS ETF during the 3rd quarter worth approximately $81,869,000. Finally, Envestnet Asset Management Inc. increased its position in iShares MBS ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock worth $2,616,104,000 after buying an additional 727,070 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB stock opened at $96.55 on Friday. The business has a 50 day simple moving average of $95.44 and a 200-day simple moving average of $95.11. iShares MBS ETF has a twelve month low of $90.84 and a twelve month high of $96.55.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.3347 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).