Comerica Bank Has $11.63 Million Stake in iShares MBS ETF $MBB

Comerica Bank decreased its position in iShares MBS ETF (NASDAQ:MBB) by 12.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 122,136 shares of the company’s stock after selling 18,026 shares during the period. Comerica Bank’s holdings in iShares MBS ETF were worth $11,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. Bank of America Corp DE boosted its stake in iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after purchasing an additional 7,566,099 shares during the period. Barclays PLC lifted its position 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 buying an additional 3,322,737 shares in the last quarter. TIAA Trust National Association lifted its position 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 buying an additional 1,399,487 shares in the last quarter. Fisher Asset Management LLC lifted its position 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 buying an additional 1,206,273 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted 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 worth $4,917,131,000 after buying an additional 1,182,620 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.0%

MBB stock opened at $95.08 on Wednesday. iShares MBS ETF has a 12-month low of $91.19 and a 12-month high of $96.96. The company has a 50 day moving average of $95.33 and a two-hundred day moving average of $95.44.

iShares MBS ETF Increases Dividend

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

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).