Range Financial Group LLC Buys 19,824 Shares of iShares MBS ETF $MBB

Range Financial Group LLC grew its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 133.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,650 shares of the company’s stock after buying an additional 19,824 shares during the period. iShares MBS ETF accounts for 1.1% of Range Financial Group LLC’s portfolio, making the stock its 26th biggest holding. Range Financial Group LLC’s holdings in iShares MBS ETF were worth $3,299,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MBB. Bank of America Corp DE lifted its holdings in iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after purchasing an additional 7,566,099 shares in the last quarter. Barclays PLC boosted its position in shares of iShares MBS ETF by 77.1% in the third quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock worth $726,259,000 after purchasing an additional 3,322,737 shares during the period. TIAA Trust National Association increased its stake in shares of iShares MBS ETF by 5.8% in the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock worth $2,413,954,000 after purchasing an additional 1,399,487 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of iShares MBS ETF by 5.7% in the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after purchasing an additional 1,206,273 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after purchasing an additional 1,182,620 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

MBB opened at $94.72 on Tuesday. iShares MBS ETF has a fifty-two week low of $90.84 and a fifty-two week high of $96.96. The firm’s fifty day moving average is $95.58 and its 200 day moving average is $95.45.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.3278 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

About iShares MBS ETF

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).