CIBC Private Wealth Group LLC Purchases 58,265 Shares of iShares MBS ETF $MBB

CIBC Private Wealth Group LLC lifted its position in iShares MBS ETF (NASDAQ:MBB) by 32.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,774 shares of the company’s stock after acquiring an additional 58,265 shares during the quarter. CIBC Private Wealth Group LLC owned 0.05% of iShares MBS ETF worth $22,529,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after purchasing an additional 7,566,099 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after buying an additional 1,182,620 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares MBS ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after buying an additional 727,070 shares during the last quarter. TIAA Trust National Association increased its position in shares of iShares MBS ETF by 5.8% in the 3rd quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock valued at $2,413,954,000 after acquiring an additional 1,399,487 shares during the period. Finally, Fisher Asset Management LLC raised its stake in iShares MBS ETF by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after acquiring an additional 1,206,273 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Up 0.1%

Shares of MBB opened at $95.10 on Friday. The stock has a 50-day moving average of $95.76 and a two-hundred day moving average of $95.46. iShares MBS ETF has a one year low of $90.84 and a one year high of $96.96.

iShares MBS ETF Cuts Dividend

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

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).