iShares MBS ETF $MBB Shares Bought by Lutz Financial Services LLC

Lutz Financial Services LLC increased its position in shares of iShares MBS ETF (NASDAQ:MBB) by 9.9% in the third quarter, Holdings Channel reports. The institutional investor owned 538,957 shares of the company’s stock after buying an additional 48,542 shares during the period. iShares MBS ETF comprises 3.7% of Lutz Financial Services LLC’s portfolio, making the stock its 9th biggest holding. Lutz Financial Services LLC’s holdings in iShares MBS ETF were worth $51,282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MBB. TIAA Trust National Association raised its holdings in iShares MBS ETF by 349.3% during the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock worth $2,245,510,000 after acquiring an additional 18,631,536 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares MBS ETF by 2.9% in the second quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock valued at $6,039,909,000 after purchasing an additional 1,796,449 shares during the last quarter. Prudential Financial Inc. grew its stake in 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 buying an additional 1,450,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after purchasing an additional 1,182,620 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in shares of iShares MBS ETF during the third quarter worth $81,869,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of NASDAQ:MBB opened at $96.56 on Tuesday. The company’s 50 day moving average price is $95.60 and its two-hundred day moving average price is $95.24. iShares MBS ETF has a 12-month low of $90.84 and a 12-month high of $96.65.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.3347 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33.

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).