Oppenheimer & Co. Inc. Purchases New Stake in iShares MBS ETF $MBB

Oppenheimer & Co. Inc. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 9,565 shares of the company’s stock, valued at approximately $857,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Shelter Ins Retirement Plan bought a new stake in iShares MBS ETF during the second quarter valued at $12,335,042,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares MBS ETF by 6.9% during the second 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 period. PNC Financial Services Group Inc. raised its holdings in shares of iShares MBS ETF by 3.5% during the first 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 period. Bank of New York Mellon Corp raised its holdings in shares of iShares MBS ETF by 9.5% during the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock worth $219,783,000 after purchasing an additional 201,354 shares during the period. Finally, Sei Investments Co. lifted its position in shares of iShares MBS ETF by 5.2% in the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock worth $208,335,000 after buying an additional 108,361 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $91.53 on Wednesday. iShares MBS ETF has a 1 year low of $88.58 and a 1 year high of $96.96. The firm’s 50-day moving average is $91.13 and its 200-day moving average is $93.74.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Investors of record on Monday, November 2nd will be paid a dividend of $0.3471 per share. This represents a $4.17 annualized dividend and a yield of 4.6%. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date is Monday, November 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).