Cornerstone Management Inc. Acquires 9,537 Shares of iShares MBS ETF $MBB

Cornerstone Management Inc. raised its holdings in iShares MBS ETF (NASDAQ:MBB) by 7.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 138,932 shares of the company’s stock after acquiring an additional 9,537 shares during the period. iShares MBS ETF accounts for 2.1% of Cornerstone Management Inc.’s portfolio, making the stock its 12th largest position. Cornerstone Management Inc.’s holdings in iShares MBS ETF were worth $13,192,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its holdings in shares of iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after acquiring an additional 1,104,895 shares during the period. TIAA Trust National Association grew its stake in shares of iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after acquiring an additional 646,390 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares MBS ETF by 5.7% in the third quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after acquiring an additional 1,206,273 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in iShares MBS ETF by 2.0% during the third quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock worth $1,357,703,000 after acquiring an additional 284,484 shares during the period. 91.70% of the stock is owned by institutional investors.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $94.48 on Monday. iShares MBS ETF has a one year low of $92.40 and a one year high of $96.96. The company has a fifty day moving average price of $94.52 and a 200 day moving average price of $95.11.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.3334 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, June 1st.

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).