Foster & Motley Inc. Lowers Stake in iShares MBS ETF (NASDAQ:MBB)

Foster & Motley Inc. lessened its holdings in iShares MBS ETF (NASDAQ:MBBFree Report) by 9.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 32,743 shares of the company’s stock after selling 3,588 shares during the quarter. Foster & Motley Inc.’s holdings in iShares MBS ETF were worth $3,080,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in shares of iShares MBS ETF by 11.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock valued at $2,422,987,000 after purchasing an additional 2,719,637 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares MBS ETF by 9.5% during the third quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after purchasing an additional 1,158,175 shares during the last quarter. TIAA Trust National Association purchased a new position in shares of iShares MBS ETF during the third quarter valued at approximately $374,403,000. Bank of New York Mellon Corp raised its holdings in shares of iShares MBS ETF by 87.6% during the third quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock valued at $321,118,000 after purchasing an additional 1,688,344 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of iShares MBS ETF by 12.6% during the third quarter. Stifel Financial Corp now owns 3,121,046 shares of the company’s stock valued at $277,150,000 after purchasing an additional 350,293 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $89.65 on Tuesday. The firm has a 50 day moving average price of $91.58 and a 200-day moving average price of $91.19. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.70.

iShares MBS ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.2827 per share. The ex-dividend date was Monday, April 1st. This represents a $3.39 annualized dividend and a dividend yield of 3.78%.

iShares MBS ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for iShares MBS ETF (NASDAQ:MBB)

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