M&T Bank Corp Sells 12,746 Shares of iShares MBS ETF (NASDAQ:MBB)

M&T Bank Corp lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 14.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,820 shares of the company’s stock after selling 12,746 shares during the period. M&T Bank Corp’s holdings in iShares MBS ETF were worth $6,945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MBB. Merit Financial Group LLC raised its holdings in shares of iShares MBS ETF by 16.2% in the 4th quarter. Merit Financial Group LLC now owns 83,264 shares of the company’s stock valued at $7,834,000 after purchasing an additional 11,586 shares during the period. SouthState Corp acquired a new position in iShares MBS ETF in the 4th quarter valued at about $73,000. Natixis Advisors L.P. bought a new position in iShares MBS ETF in the 4th quarter valued at about $14,799,000. Commonwealth Equity Services LLC lifted its holdings in iShares MBS ETF by 3.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 723,509 shares of the company’s stock worth $68,068,000 after purchasing an additional 24,623 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of iShares MBS ETF by 4.3% during the fourth quarter. First Horizon Advisors Inc. now owns 22,270 shares of the company’s stock worth $2,095,000 after buying an additional 908 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Up 0.6 %

NASDAQ MBB opened at $90.67 on Monday. iShares MBS ETF has a 1-year low of $85.28 and a 1-year high of $95.70. The company has a 50 day moving average of $91.27 and a 200-day moving average of $91.33.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Thursday, May 2nd will be paid a dividend of $0.2823 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $3.39 dividend on an annualized basis and a yield of 3.74%.

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).