Royal Bank of Canada Increases Stock Position in iShares MBS ETF $MBB

Royal Bank of Canada raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 1.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,408,747 shares of the company’s stock after acquiring an additional 23,506 shares during the period. Royal Bank of Canada owned approximately 0.35% of iShares MBS ETF worth $133,760,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. ESL Trust Services LLC purchased a new position in shares of iShares MBS ETF during the 4th quarter worth approximately $28,000. Brown Lisle Cummings Inc. acquired a new stake in iShares MBS ETF in the 1st quarter valued at approximately $28,000. First Community Trust NA purchased a new stake in iShares MBS ETF in the first quarter valued at approximately $32,000. Nemes Rush Group LLC raised its position in iShares MBS ETF by 132.9% in the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock valued at $34,000 after purchasing an additional 206 shares during the period. Finally, Wealth Watch Advisors INC purchased a new stake in iShares MBS ETF in the third quarter valued at approximately $35,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $93.29 on Friday. iShares MBS ETF has a 52 week low of $92.82 and a 52 week high of $96.96. The stock’s fifty day moving average is $94.04 and its two-hundred day moving average is $94.83.

iShares MBS ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.3373 dividend. The ex-dividend date was Wednesday, July 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). 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).