iShares MBS ETF $MBB Stock Purchased by MMA Asset Management LLC

MMA Asset Management LLC boosted its holdings in iShares MBS ETF (NASDAQ:MBB) by 230.8% during the third quarter, HoldingsChannel.com reports. The fund owned 62,115 shares of the company’s stock after acquiring an additional 43,335 shares during the period. iShares MBS ETF accounts for about 1.7% of MMA Asset Management LLC’s portfolio, making the stock its 9th biggest position. MMA Asset Management LLC’s holdings in iShares MBS ETF were worth $5,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Shelter Ins Retirement Plan acquired a new stake in shares of iShares MBS ETF during the 2nd quarter worth approximately $12,335,042,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after purchasing an additional 106,144 shares during the last quarter. Midland Wealth Advisors LLC boosted its position in iShares MBS ETF by 26.9% during the 3rd quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock valued at $286,481,000 after purchasing an additional 677,722 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in iShares MBS ETF by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after purchasing an additional 201,354 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB opened at $92.14 on Friday. The stock has a fifty day moving average price of $91.07 and a 200 day moving average price of $93.71. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.3471 dividend. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. This represents a $4.17 dividend on an annualized basis and a yield of 4.5%.

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).