Manhattan West Asset Management LLC Has $18.63 Million Stake in iShares MBS ETF $MBB

Manhattan West Asset Management LLC increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 31.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 195,620 shares of the company’s stock after acquiring an additional 47,036 shares during the period. iShares MBS ETF makes up about 3.8% of Manhattan West Asset Management LLC’s holdings, making the stock its 5th largest holding. Manhattan West Asset Management LLC’s holdings in iShares MBS ETF were worth $18,627,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Howe & Rusling Inc. grew its stake in iShares MBS ETF by 184.0% during the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after buying an additional 184 shares during the last quarter. Westfuller Advisors LLC bought a new position in shares of iShares MBS ETF in the third quarter worth $33,000. Aventura Private Wealth LLC bought a new position in shares of iShares MBS ETF in the fourth quarter worth $35,000. Wealth Watch Advisors INC bought a new position in shares of iShares MBS ETF in the third quarter worth $35,000. Finally, Dunhill Financial LLC grew its stake in shares of iShares MBS ETF by 3,554.5% in the fourth quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock worth $38,000 after purchasing an additional 391 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $94.50 on Friday. iShares MBS ETF has a 1 year low of $91.19 and a 1 year high of $96.96. The business has a fifty day moving average of $95.26 and a 200-day moving average of $95.43.

iShares MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st will be paid a $0.3346 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.2%.

iShares MBS ETF Company Profile

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).