Bank of America Corp DE Increases Stock Position in iShares MBS ETF $MBB

Bank of America Corp DE raised its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,895,725 shares of the company’s stock after acquiring an additional 7,566,099 shares during the period. iShares MBS ETF makes up 0.5% of Bank of America Corp DE’s holdings, making the stock its 29th biggest holding. Bank of America Corp DE owned approximately 16.34% of iShares MBS ETF worth $6,840,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in MBB. Barclays PLC boosted its position in shares of iShares MBS ETF by 77.1% during the 3rd 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. Prudential Financial Inc. raised its position in iShares MBS ETF by 10,569.3% in the second 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. TIAA Trust National Association raised its position in 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 valued at $2,413,954,000 after purchasing an additional 1,399,487 shares during the period. Fisher Asset Management LLC lifted its stake in 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 purchasing an additional 1,206,273 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after purchasing an additional 1,182,620 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

MBB opened at $94.90 on Friday. iShares MBS ETF has a 52 week low of $90.84 and a 52 week high of $96.96. The business has a fifty day simple moving average of $95.77 and a 200-day simple moving average of $95.44.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.3278 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.

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).