M&T Bank Corp Trims Holdings in iShares MBS ETF (NASDAQ:MBB)

M&T Bank Corp reduced its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,807 shares of the company’s stock after selling 6,396 shares during the quarter. M&T Bank Corp’s holdings in iShares MBS ETF were worth $2,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hobbs Group Advisors LLC boosted its stake in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its stake in iShares MBS ETF by 413.5% during the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock worth $36,000 after purchasing an additional 306 shares during the last quarter. Key Financial Inc lifted its stake in iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after purchasing an additional 422 shares during the last quarter. Activest Wealth Management bought a new position in iShares MBS ETF during the fourth quarter worth $58,000. Finally, CENTRAL TRUST Co lifted its stake in iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $93.13 on Monday. The business’s fifty day moving average price is $92.13 and its 200 day moving average price is $93.33. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.3204 per share. The ex-dividend date of this dividend was Monday, March 3rd.

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).