Western Wealth Management LLC Has $2.52 Million Stock Holdings in iShares MBS ETF $MBB

Western Wealth Management LLC boosted its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 37.2% in the fourth quarter, HoldingsChannel reports. The firm owned 26,447 shares of the company’s stock after purchasing an additional 7,166 shares during the quarter. Western Wealth Management LLC’s holdings in iShares MBS ETF were worth $2,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in shares of iShares MBS ETF by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in iShares MBS ETF by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares during the period. Envestnet Asset Management Inc. lifted 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 acquiring an additional 727,070 shares during the last quarter. TIAA Trust National Association boosted its holdings in shares of iShares MBS ETF by 5.8% during the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock worth $2,413,954,000 after acquiring an additional 1,399,487 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of iShares MBS ETF by 5.7% during the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after acquiring an additional 1,206,273 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.1%

iShares MBS ETF stock opened at $94.27 on Friday. iShares MBS ETF has a 12 month low of $91.19 and a 12 month high of $96.96. The stock’s 50 day moving average is $94.95 and its 200-day moving average is $95.35.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.3346 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, 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). 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).