Dearborn Partners LLC Purchases Shares of 5,661 iShares MBS ETF $MBB

Dearborn Partners LLC acquired a new stake in iShares MBS ETF (NASDAQ:MBB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,661 shares of the company’s stock, valued at approximately $539,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TIAA Trust National Association boosted its stake in iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after purchasing an additional 18,631,536 shares during the last quarter. Bank of America Corp DE boosted its position in shares of iShares MBS ETF by 2.9% during the second quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after buying an additional 1,796,449 shares during the last quarter. Prudential Financial Inc. grew its holdings in iShares MBS ETF by 10,569.3% during the second quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock worth $137,429,000 after buying an additional 1,450,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares MBS ETF by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after buying an additional 1,182,620 shares during the last quarter. Finally, Annex Advisory Services LLC bought a new position in iShares MBS ETF during the 3rd quarter valued at $81,869,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Up 0.1%

MBB opened at $96.35 on Friday. iShares MBS ETF has a 1 year low of $90.84 and a 1 year high of $96.55. The firm’s fifty day moving average price is $95.57 and its two-hundred day moving average price is $95.21.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.3347 per share. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date was Monday, February 2nd.

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).