Cabot Wealth Management Inc. Has $28.96 Million Stake in iShares MBS ETF $MBB

Cabot Wealth Management Inc. lifted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,317 shares of the company’s stock after purchasing an additional 19,830 shares during the period. iShares MBS ETF accounts for about 3.2% of Cabot Wealth Management Inc.’s portfolio, making the stock its 4th biggest position. Cabot Wealth Management Inc. owned 0.07% of iShares MBS ETF worth $28,956,000 at the end of the most recent quarter.

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

iShares MBS ETF Trading Up 0.2%

Shares of NASDAQ MBB opened at $95.55 on Monday. The firm’s 50-day moving average price is $95.36 and its 200-day moving average price is $94.84. iShares MBS ETF has a 1-year low of $90.84 and a 1-year high of $96.25.

iShares MBS ETF Cuts Dividend

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

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). 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).