Cullen Frost Bankers Inc. Grows Position in iShares MBS ETF $MBB

Cullen Frost Bankers Inc. increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 24.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,632 shares of the company’s stock after buying an additional 318 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares MBS ETF were worth $153,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in iShares MBS ETF during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC acquired a new stake in iShares MBS ETF during the 1st quarter worth approximately $31,000. Flaharty Asset Management LLC acquired a new stake in iShares MBS ETF during the 1st quarter worth approximately $34,000. MassMutual Private Wealth & Trust FSB lifted its position in iShares MBS ETF by 317.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock worth $36,000 after acquiring an additional 295 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new stake in iShares MBS ETF during the 1st quarter worth approximately $38,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.2%

iShares MBS ETF stock opened at $96.04 on Friday. iShares MBS ETF has a twelve month low of $90.28 and a twelve month high of $96.20. The stock has a 50 day moving average of $94.98 and a two-hundred day moving average of $93.56.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.3363 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 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).