Transcend Capital Advisors LLC Sells 37,166 Shares of iShares MBS ETF (NASDAQ:MBB)

Transcend Capital Advisors LLC trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 72.7% during the 4th quarter, HoldingsChannel reports. The fund owned 13,979 shares of the company’s stock after selling 37,166 shares during the quarter. Transcend Capital Advisors LLC’s holdings in iShares MBS ETF were worth $1,315,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TIAA Trust National Association bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at approximately $374,403,000. JPMorgan Chase & Co. grew its stake in shares of iShares MBS ETF by 11.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock valued at $2,422,987,000 after purchasing an additional 2,719,637 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at approximately $223,373,000. Bank of New York Mellon Corp grew its stake in shares of iShares MBS ETF by 87.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock valued at $321,118,000 after purchasing an additional 1,688,344 shares during the period. Finally, Ameriprise Financial Inc. grew its position in iShares MBS ETF by 9.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock worth $1,182,679,000 after acquiring an additional 1,158,175 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Up 0.4 %

NASDAQ MBB traded up $0.36 during trading hours on Friday, reaching $89.80. 2,052,660 shares of the company’s stock were exchanged, compared to its average volume of 2,710,366. iShares MBS ETF has a one year low of $85.28 and a one year high of $95.70. The firm has a fifty day moving average of $91.43 and a 200-day moving average of $91.21.

iShares MBS ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were given a dividend of $0.2827 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.39 dividend on an annualized basis and a yield of 3.78%.

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).