Fifth Third Bancorp Grows Stock Position in iShares MBS ETF $MBB

Fifth Third Bancorp increased its stake in iShares MBS ETF (NASDAQ:MBB) by 11,584.2% in the first quarter, HoldingsChannel reports. The fund owned 171,874 shares of the company’s stock after purchasing an additional 170,403 shares during the period. Fifth Third Bancorp’s holdings in iShares MBS ETF were worth $16,320,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ESL Trust Services LLC purchased a new position in iShares MBS ETF in the 4th quarter worth approximately $28,000. Brown Lisle Cummings Inc. purchased a new stake in shares of iShares MBS ETF during the first quarter valued at approximately $28,000. First Community Trust NA bought a new position in shares of iShares MBS ETF in the first quarter worth approximately $32,000. Nemes Rush Group LLC grew its holdings in shares of iShares MBS ETF by 132.9% in the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter worth $35,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Up 0.4%

Shares of NASDAQ MBB opened at $93.67 on Wednesday. The firm’s fifty day moving average is $94.21 and its 200 day moving average is $94.99. iShares MBS ETF has a 52 week low of $92.40 and a 52 week high of $96.96.

iShares MBS ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.3373 dividend. The ex-dividend date was Wednesday, July 1st.

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).