iShares MBS ETF $MBB Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 649,680 shares of the company’s stock after selling 13,000 shares during the period. CIBC Asset Management Inc owned 0.16% of iShares MBS ETF worth $61,863,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Howe & Rusling Inc. increased its position in shares of iShares MBS ETF by 184.0% during the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares in the last quarter. ESL Trust Services LLC acquired a new position in shares of iShares MBS ETF during the fourth quarter worth $28,000. Aventura Private Wealth LLC acquired a new position in shares of iShares MBS ETF during the fourth quarter worth $35,000. Wealth Watch Advisors INC acquired a new position in shares of iShares MBS ETF during the third quarter worth $35,000. Finally, Key Financial Inc increased its position in shares of iShares MBS ETF by 96.9% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 187 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Down 0.2%

Shares of MBB stock opened at $94.10 on Thursday. The business’s fifty day simple moving average is $94.62 and its 200-day simple moving average is $95.21. iShares MBS ETF has a 12-month low of $91.56 and a 12-month high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be given a $0.3334 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st.

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).