Farmers & Merchants Investments Inc. Has $10.87 Million Stock Position in iShares MBS ETF $MBB

Farmers & Merchants Investments Inc. cut its holdings in iShares MBS ETF (NASDAQ:MBB) by 25.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,275 shares of the company’s stock after selling 38,866 shares during the period. Farmers & Merchants Investments Inc.’s holdings in iShares MBS ETF were worth $10,873,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MBB. Bank of America Corp DE boosted its holdings in iShares MBS ETF by 2.9% in the 2nd quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after purchasing an additional 1,796,449 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares MBS ETF by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 26,767,449 shares of the company’s stock valued at $2,513,079,000 after buying an additional 153,806 shares in the last quarter. TIAA Trust National Association boosted its stake in shares of iShares MBS ETF by 349.3% in the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after buying an additional 18,631,536 shares during the period. Fisher Asset Management LLC grew its position in iShares MBS ETF by 1.2% during the second quarter. Fisher Asset Management LLC now owns 21,297,627 shares of the company’s stock worth $1,999,634,000 after buying an additional 254,658 shares in the last quarter. Finally, Allworth Financial LP grew its position in iShares MBS ETF by 1.6% during the second quarter. Allworth Financial LP now owns 3,101,316 shares of the company’s stock worth $291,183,000 after buying an additional 50,059 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.1%

Shares of NASDAQ MBB opened at $95.45 on Tuesday. The business has a fifty day moving average price of $95.41 and a two-hundred day moving average price of $94.53. iShares MBS ETF has a fifty-two week low of $90.28 and a fifty-two week high of $96.25.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were given a dividend of $0.334 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 4.2%.

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). 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).