Mitsubishi UFJ Trust & Banking Corp Increases Stock Position in iShares MBS ETF $MBB

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 34.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 304,356 shares of the company’s stock after acquiring an additional 77,530 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in iShares MBS ETF were worth $28,981,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of iShares MBS ETF by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after buying an additional 7,566,099 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares MBS ETF by 2.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after buying an additional 1,182,620 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares MBS ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after buying an additional 727,070 shares in the last quarter. TIAA Trust National Association lifted its stake in shares of iShares MBS ETF by 5.8% during the 3rd quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock valued at $2,413,954,000 after buying an additional 1,399,487 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of iShares MBS ETF by 5.7% during the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after buying an additional 1,206,273 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $94.61 on Thursday. The firm’s 50 day moving average is $95.29 and its 200 day moving average is $95.43. iShares MBS ETF has a 12 month low of $91.19 and a 12 month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were paid a $0.3329 dividend. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.33.

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).