AAFMAA Wealth Management & Trust LLC Sells 56,898 Shares of iShares MBS ETF $MBB

AAFMAA Wealth Management & Trust LLC lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 32.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,489 shares of the company’s stock after selling 56,898 shares during the period. iShares MBS ETF accounts for 4.4% of AAFMAA Wealth Management & Trust LLC’s holdings, making the stock its 6th biggest position. AAFMAA Wealth Management & Trust LLC’s holdings in iShares MBS ETF were worth $11,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in MBB. Bank of America Corp DE lifted 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 during the period. Barclays PLC increased its holdings in shares of iShares MBS ETF by 77.1% during the 3rd quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock valued at $726,259,000 after purchasing an additional 3,322,737 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of iShares MBS ETF by 10,569.3% in the 2nd quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock valued at $137,429,000 after purchasing an additional 1,450,000 shares during the period. TIAA Trust National Association lifted its stake 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 purchasing an additional 1,399,487 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in iShares MBS ETF by 5.7% during the third 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. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

MBB stock opened at $94.15 on Friday. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.96. The company’s 50-day simple moving average is $95.73 and its 200-day simple moving average is $95.46.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.3278 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, March 2nd.

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).