Ameriprise Financial Inc. Has $1.36 Billion Stock Position in iShares MBS ETF $MBB

Ameriprise Financial Inc. increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,290,044 shares of the company’s stock after acquiring an additional 284,484 shares during the quarter. Ameriprise Financial Inc. owned about 3.25% of iShares MBS ETF worth $1,357,703,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Ancora Advisors LLC increased its holdings in shares of iShares MBS ETF by 17.7% during the 3rd quarter. Ancora Advisors LLC now owns 89,338 shares of the company’s stock worth $8,501,000 after purchasing an additional 13,404 shares during the period. Redwood Investment Management LLC raised its position in shares of iShares MBS ETF by 11.7% during the third quarter. Redwood Investment Management LLC now owns 18,937 shares of the company’s stock valued at $1,802,000 after buying an additional 1,978 shares during the last quarter. Equitable Holdings Inc. lifted its stake in shares of iShares MBS ETF by 9.5% in the third quarter. Equitable Holdings Inc. now owns 108,324 shares of the company’s stock valued at $10,307,000 after buying an additional 9,369 shares during the period. Exit Wealth Advisors LLC. bought a new stake in shares of iShares MBS ETF in the third quarter valued at about $737,000. Finally, One Capital Management LLC acquired a new stake in iShares MBS ETF during the third quarter worth about $591,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB opened at $94.90 on Friday. The stock’s 50-day moving average price is $95.77 and its 200 day moving average price is $95.44. iShares MBS ETF has a 12-month low of $90.84 and a 12-month high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.3278 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

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).