Client 1ST Advisory Group LLC Increases Stake in iShares MBS ETF $MBB

Client 1ST Advisory Group LLC raised its stake in iShares MBS ETF (NASDAQ:MBB) by 22.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,923 shares of the company’s stock after purchasing an additional 8,654 shares during the quarter. iShares MBS ETF accounts for 1.4% of Client 1ST Advisory Group LLC’s portfolio, making the stock its 19th biggest position. Client 1ST Advisory Group LLC’s holdings in iShares MBS ETF were worth $4,468,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of iShares MBS ETF by 11.8% in the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $4,917,131,000 after acquiring an additional 1,182,620 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares MBS ETF by 2.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock worth $2,616,104,000 after acquiring 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 third 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 increased its position in shares of iShares MBS ETF by 5.7% in the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after acquiring an additional 1,206,273 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.5%

Shares of NASDAQ:MBB opened at $94.73 on Thursday. The company has a 50-day moving average price of $95.66 and a 200-day moving average price of $95.47. 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 firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given 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 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).