JPMorgan Chase & Co. Reduces Holdings in iShares MBS ETF $MBB

JPMorgan Chase & Co. lowered its position in iShares MBS ETF (NASDAQ:MBB) by 0.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 50,495,054 shares of the company’s stock after selling 259,620 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of iShares MBS ETF worth $4,740,981,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LRI Investments LLC purchased a new stake in shares of iShares MBS ETF during the second quarter worth about $30,000. Headlands Technologies LLC purchased a new position in iShares MBS ETF in the first quarter valued at about $31,000. Tsfg LLC grew its stake in iShares MBS ETF by 106.8% during the 2nd quarter. Tsfg LLC now owns 335 shares of the company’s stock valued at $31,000 after purchasing an additional 173 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in iShares MBS ETF during the 1st quarter worth approximately $34,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in shares of iShares MBS ETF by 317.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 388 shares of the company’s stock valued at $36,000 after purchasing an additional 295 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.1%

iShares MBS ETF stock opened at $95.19 on Friday. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $96.25. The stock has a 50 day moving average of $95.39 and a 200-day moving average of $93.91.

iShares MBS ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, November 6th. Investors of record on Monday, November 3rd were paid a $0.342 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.34. The ex-dividend date was Monday, November 3rd.

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).