iShares MBS ETF $MBB Shares Purchased by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC increased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 32.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 236,774 shares of the company’s stock after acquiring an additional 58,265 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares MBS ETF were worth $22,529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in 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 purchasing an additional 7,566,099 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of 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 buying an additional 1,182,620 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MBS ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after buying an additional 727,070 shares during the period. TIAA Trust National Association boosted its stake in shares of 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 worth $2,413,954,000 after buying an additional 1,399,487 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of iShares MBS ETF by 5.7% in the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after buying an additional 1,206,273 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.1%

iShares MBS ETF stock opened at $95.10 on Friday. The business’s 50-day moving average price is $95.76 and its 200 day moving average price is $95.46. iShares MBS ETF has a 52 week low of $90.84 and a 52 week high of $96.96.

iShares MBS ETF Cuts Dividend

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

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).