Prudential Financial Inc. trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB – Get Rating) by 3.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,701 shares of the company's stock after selling 1,309 shares during the period. Prudential Financial Inc.'s holdings in iShares MBS ETF were worth $3,195,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of MBB. BTS Asset Management Inc. increased its holdings in shares of iShares MBS ETF by 1.3% in the 2nd quarter. BTS Asset Management Inc. now owns 8,333 shares of the company's stock worth $812,000 after acquiring an additional 110 shares during the period. Brinker Capital Investments LLC increased its holdings in shares of iShares MBS ETF by 6.3% in the 1st quarter. Brinker Capital Investments LLC now owns 2,190 shares of the company's stock worth $223,000 after acquiring an additional 130 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of iShares MBS ETF by 2.4% in the 2nd quarter. Verdence Capital Advisors LLC now owns 5,654 shares of the company's stock worth $551,000 after acquiring an additional 135 shares during the period. Carmichael Hill & Associates Inc. grew its position in iShares MBS ETF by 33.3% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 576 shares of the company's stock valued at $56,000 after buying an additional 144 shares in the last quarter. Finally, Aspire Private Capital LLC grew its position in iShares MBS ETF by 22.5% in the 2nd quarter. Aspire Private Capital LLC now owns 807 shares of the company's stock valued at $79,000 after buying an additional 148 shares in the last quarter. 77.56% of the stock is owned by institutional investors and hedge funds.
Get iShares MBS ETF alerts:iShares MBS ETF Trading Down 0.8 %
Shares of MBB opened at $95.67 on Friday. The firm has a 50-day moving average price of $94.73 and a 200 day moving average price of $94.50. iShares MBS ETF has a 52-week low of $88.00 and a 52-week high of $105.20.
iShares MBS ETF Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, February 7th. Investors of record on Thursday, February 2nd will be given a $0.243 dividend. This represents a $2.92 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Wednesday, February 1st. This is a positive change from iShares MBS ETF's previous monthly dividend of $0.24.iShares MBS ETF Company Profile
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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).
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