Manhattan West Asset Management LLC Has $14.14 Million Stake in iShares MBS ETF $MBB

Manhattan West Asset Management LLC raised its position in iShares MBS ETF (NASDAQ:MBB) by 12.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 148,584 shares of the company’s stock after purchasing an additional 16,410 shares during the quarter. iShares MBS ETF accounts for 3.0% of Manhattan West Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Manhattan West Asset Management LLC’s holdings in iShares MBS ETF were worth $14,138,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MBB. CIBC Private Wealth Group LLC raised its stake in shares of iShares MBS ETF by 32.6% in the third quarter. CIBC Private Wealth Group LLC now owns 236,774 shares of the company’s stock valued at $22,529,000 after acquiring an additional 58,265 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $769,000. Aspire Private Capital LLC grew its position in iShares MBS ETF by 2.8% during the 3rd quarter. Aspire Private Capital LLC now owns 8,560 shares of the company’s stock worth $815,000 after acquiring an additional 230 shares during the last quarter. Vertex Planning Partners LLC increased its holdings in iShares MBS ETF by 5.4% during the 3rd quarter. Vertex Planning Partners LLC now owns 90,089 shares of the company’s stock valued at $8,572,000 after purchasing an additional 4,589 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. increased its holdings in iShares MBS ETF by 32.1% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 159,302 shares of the company’s stock valued at $15,158,000 after purchasing an additional 38,720 shares in the last quarter. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Trading Up 0.2%

Shares of MBB opened at $95.51 on Wednesday. The stock has a fifty day moving average price of $95.77 and a two-hundred day moving average price of $95.47. iShares MBS ETF has a 52-week low of $90.84 and a 52-week high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.3278 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

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). 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).