Castleark Management LLC Invests $18.05 Million in iShares MBS ETF (NASDAQ:MBB)

Castleark Management LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 196,905 shares of the company’s stock, valued at approximately $18,052,000. iShares MBS ETF comprises about 0.6% of Castleark Management LLC’s investment portfolio, making the stock its 27th largest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock worth $4,741,789,000 after buying an additional 17,056,138 shares in the last quarter. Proficio Capital Partners LLC boosted its position in iShares MBS ETF by 9,869.1% during the fourth quarter. Proficio Capital Partners LLC now owns 5,498,469 shares of the company’s stock worth $504,100,000 after acquiring an additional 5,443,314 shares during the last quarter. Essential Planning LLC. boosted its position in iShares MBS ETF by 6,413.4% during the fourth quarter. Essential Planning LLC. now owns 3,311,529 shares of the company’s stock worth $308,457,000 after acquiring an additional 3,260,687 shares during the last quarter. LPL Financial LLC grew its stake in iShares MBS ETF by 13.9% during the 4th quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after acquiring an additional 2,668,319 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in iShares MBS ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after acquiring an additional 1,826,521 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

MBB opened at $92.05 on Wednesday. The company’s 50 day simple moving average is $92.88 and its two-hundred day simple moving average is $92.57. iShares MBS ETF has a 1-year low of $90.03 and a 1-year high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were issued a $0.3255 dividend. This represents a $3.91 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, May 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31.

iShares MBS ETF 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).