Mirae Asset Global Investments Co. Ltd. Reduces Stock Position in iShares MBS ETF (NASDAQ:MBB)

Mirae Asset Global Investments Co. Ltd. lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 4.6% during the 4th quarter, HoldingsChannel reports. The firm owned 500,782 shares of the company’s stock after selling 24,259 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in iShares MBS ETF were worth $45,952,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBB. JPMorgan Chase & Co. boosted its stake in shares of iShares MBS ETF by 18.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock worth $3,321,229,000 after acquiring an additional 5,521,374 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares MBS ETF by 6.3% during the 3rd quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock valued at $1,838,565,000 after purchasing an additional 1,138,182 shares during the period. Fisher Asset Management LLC raised its position in shares of iShares MBS ETF by 8.3% during the 3rd quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock valued at $1,750,027,000 after purchasing an additional 1,404,263 shares during the period. Stifel Financial Corp raised its position in shares of iShares MBS ETF by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 3,550,412 shares of the company’s stock valued at $340,165,000 after purchasing an additional 27,441 shares during the period. Finally, Allworth Financial LP raised its position in shares of iShares MBS ETF by 2.4% during the 3rd quarter. Allworth Financial LP now owns 3,069,901 shares of the company’s stock valued at $294,127,000 after purchasing an additional 71,046 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $91.97 on Wednesday. iShares MBS ETF has a one year low of $89.16 and a one year high of $96.76. The company’s fifty day moving average price is $92.11 and its 200-day moving average price is $93.55.

iShares MBS ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.3414 per share. This is an increase from iShares MBS ETF’s previous dividend of $0.29. The ex-dividend date of this dividend is Monday, February 3rd.

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).