Cornerstone Management Inc. Has $13.19 Million Stake in iShares MBS ETF $MBB

Cornerstone Management Inc. grew its stake in iShares MBS ETF (NASDAQ:MBB) by 7.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 138,932 shares of the company’s stock after buying an additional 9,537 shares during the period. iShares MBS ETF makes up approximately 2.1% of Cornerstone Management Inc.’s holdings, making the stock its 12th biggest position. Cornerstone Management Inc.’s holdings in iShares MBS ETF were worth $13,192,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in iShares MBS ETF by 11.8% in 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 last quarter. Barclays PLC boosted its position in iShares MBS ETF by 77.1% during the third 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. Bank of Montreal Can grew its holdings in iShares MBS ETF by 102.6% during the fourth quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock valued at $274,569,000 after purchasing an additional 1,460,545 shares during the last quarter. TIAA Trust National Association grew its holdings in iShares MBS ETF by 5.8% during 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 last quarter. Finally, Fisher Asset Management LLC grew its holdings 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 valued at $2,141,246,000 after purchasing an additional 1,206,273 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of iShares MBS ETF stock opened at $94.48 on Monday. The firm has a fifty day simple moving average of $94.52 and a 200-day simple moving average of $95.11. iShares MBS ETF has a 1-year low of $92.40 and a 1-year high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.3334 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 1st.

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).