Fifth Third Securities Inc. Cuts Position in iShares MBS ETF $MBB

Fifth Third Securities Inc. decreased its holdings in iShares MBS ETF (NASDAQ:MBB) by 46.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,528 shares of the company’s stock after selling 6,433 shares during the quarter. Fifth Third Securities Inc.’s holdings in iShares MBS ETF were worth $716,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MBB. Brighton Jones LLC acquired a new position in shares of iShares MBS ETF during the 4th quarter worth approximately $273,000. Hsbc Holdings PLC increased its holdings in iShares MBS ETF by 15.0% in the 1st quarter. Hsbc Holdings PLC now owns 12,354 shares of the company’s stock worth $1,159,000 after acquiring an additional 1,613 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in iShares MBS ETF by 17.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 373,502 shares of the company’s stock worth $35,027,000 after acquiring an additional 55,345 shares in the last quarter. Synovus Financial Corp raised its position in iShares MBS ETF by 5.5% during the first quarter. Synovus Financial Corp now owns 17,351 shares of the company’s stock worth $1,627,000 after acquiring an additional 905 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in iShares MBS ETF by 44.2% during the first quarter. Freedom Investment Management Inc. now owns 9,139 shares of the company’s stock valued at $857,000 after purchasing an additional 2,800 shares in the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $95.09 on Tuesday. The company’s 50-day simple moving average is $95.45 and its 200-day simple moving average is $94.42. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $96.25.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 19th will be issued a $0.334 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, December 19th.

iShares MBS ETF 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).