CIBC Asset Management Inc Purchases 36,711 Shares of iShares MBS ETF $MBB

CIBC Asset Management Inc grew its position in iShares MBS ETF (NASDAQ:MBB) by 5.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 662,680 shares of the company’s stock after purchasing an additional 36,711 shares during the period. CIBC Asset Management Inc owned about 0.15% of iShares MBS ETF worth $63,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Security Financial Services INC. lifted its position in iShares MBS ETF by 5.9% in the 3rd quarter. Security Financial Services INC. now owns 121,000 shares of the company’s stock valued at $11,513,000 after acquiring an additional 6,789 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of iShares MBS ETF by 9.2% in the 2nd quarter. DAVENPORT & Co LLC now owns 7,323 shares of the company’s stock valued at $688,000 after purchasing an additional 614 shares during the period. Ironwood Investment Counsel LLC bought a new stake in shares of iShares MBS ETF in the second quarter valued at about $206,000. Dynasty Wealth Management LLC lifted its holdings in shares of iShares MBS ETF by 10.8% in the third quarter. Dynasty Wealth Management LLC now owns 1,649,146 shares of the company’s stock valued at $156,916,000 after purchasing an additional 160,926 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of iShares MBS ETF during the second quarter worth about $18,788,000. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.55 on Friday. The business’s 50 day simple moving average is $95.36 and its 200 day simple moving average is $94.82. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.25.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a $0.334 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

iShares MBS ETF 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).