Bank of New York Mellon Corp Has $193.86 Million Stake in iShares MBS ETF $MBB

Bank of New York Mellon Corp lowered its stake in iShares MBS ETF (NASDAQ:MBB) by 33.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,037,455 shares of the company’s stock after selling 1,031,479 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares MBS ETF were worth $193,864,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of MBB. Brighton Jones LLC bought a new stake in iShares MBS ETF in the fourth quarter valued at $273,000. AQR Capital Management LLC boosted its position in shares of iShares MBS ETF by 11.4% during the 1st quarter. AQR Capital Management LLC now owns 10,134 shares of the company’s stock worth $950,000 after purchasing an additional 1,034 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of iShares MBS ETF by 13.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 378,767 shares of the company’s stock valued at $35,521,000 after buying an additional 43,527 shares during the period. Consolidated Portfolio Review Corp bought a new stake in iShares MBS ETF in the 2nd quarter valued at about $338,000. Finally, PFG Investments LLC increased its position in iShares MBS ETF by 52.2% in the 2nd quarter. PFG Investments LLC now owns 11,877 shares of the company’s stock valued at $1,115,000 after buying an additional 4,071 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1%

Shares of NASDAQ:MBB opened at $95.69 on Friday. The business’s 50 day simple moving average is $95.42 and its two-hundred day simple moving average is $94.91. 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 company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a $0.334 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date 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).