Bingham Private Wealth LLC Purchases New Stake in iShares MBS ETF $MBB

Bingham Private Wealth LLC purchased a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,903 shares of the company’s stock, valued at approximately $1,514,000. iShares MBS ETF comprises 1.3% of Bingham Private Wealth LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MBB. Bank of America Corp DE raised its holdings in iShares MBS ETF by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after buying an additional 7,566,099 shares during the last quarter. Barclays PLC raised its holdings in iShares MBS ETF by 77.1% in the 3rd quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock worth $726,259,000 after purchasing an additional 3,322,737 shares in the last quarter. TIAA Trust National Association raised its holdings in 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 worth $2,413,954,000 after purchasing an additional 1,399,487 shares in the last quarter. Fisher Asset Management LLC raised its holdings 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 purchasing an additional 1,206,273 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 purchasing an additional 1,182,620 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $95.46 on Wednesday. iShares MBS ETF has a 12 month low of $91.19 and a 12 month high of $96.96. The firm has a fifty day simple moving average of $95.46 and a two-hundred day simple moving average of $95.43.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were issued a $0.3329 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.2%.

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).