CAP Partners LLC Trims Stock Holdings in iShares MBS ETF (NASDAQ:MBB)

CAP Partners LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 14.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,785 shares of the company’s stock after selling 1,717 shares during the quarter. CAP Partners LLC’s holdings in iShares MBS ETF were worth $904,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in MBB. JPMorgan Chase & Co. grew its stake in iShares MBS ETF by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock worth $2,422,987,000 after purchasing an additional 2,719,637 shares in the last quarter. Midland Wealth Advisors LLC acquired a new position in shares of iShares MBS ETF in the 4th quarter worth approximately $151,461,000. Quotient Wealth Partners LLC bought a new stake in shares of iShares MBS ETF in the 4th quarter valued at approximately $138,573,000. Ameriprise Financial Inc. raised its position in shares of iShares MBS ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after acquiring an additional 1,158,175 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. lifted its stake in iShares MBS ETF by 25.3% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after purchasing an additional 1,102,208 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

MBB stock traded up $0.28 during midday trading on Tuesday, reaching $91.13. The company had a trading volume of 1,569,331 shares, compared to its average volume of 2,445,300. The stock has a 50 day moving average price of $91.27 and a 200 day moving average price of $91.96. iShares MBS ETF has a fifty-two week low of $85.28 and a fifty-two week high of $94.55.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.3053 dividend. The ex-dividend date is Monday, July 1st. This represents a $3.66 annualized dividend and a yield of 4.02%.

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).