iShares MBS ETF $MBB Stock Position Increased by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its position in iShares MBS ETF (NASDAQ:MBB) by 2.2% during the second quarter, Holdings Channel reports. The institutional investor owned 584,393 shares of the company’s stock after buying an additional 12,384 shares during the quarter. Allianz Asset Management GmbH’s holdings in iShares MBS ETF were worth $54,869,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Patten & Patten Inc. TN grew its holdings in shares of iShares MBS ETF by 6.5% in the 2nd quarter. Patten & Patten Inc. TN now owns 14,927 shares of the company’s stock worth $1,401,000 after acquiring an additional 905 shares during the last quarter. Harbour Investments Inc. grew its holdings in shares of iShares MBS ETF by 1.7% in the 2nd quarter. Harbour Investments Inc. now owns 91,135 shares of the company’s stock worth $8,557,000 after acquiring an additional 1,518 shares during the last quarter. JGP Wealth Management LLC grew its holdings in shares of iShares MBS ETF by 49.0% in the 2nd quarter. JGP Wealth Management LLC now owns 18,727 shares of the company’s stock worth $1,758,000 after acquiring an additional 6,162 shares during the last quarter. Cypress Wealth Services LLC grew its holdings in shares of iShares MBS ETF by 4.5% in the 2nd quarter. Cypress Wealth Services LLC now owns 45,484 shares of the company’s stock worth $4,270,000 after acquiring an additional 1,963 shares during the last quarter. Finally, Courier Capital LLC grew its holdings in shares of iShares MBS ETF by 15.9% in the 2nd quarter. Courier Capital LLC now owns 187,383 shares of the company’s stock worth $17,593,000 after acquiring an additional 25,656 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $95.88 on Friday. The stock’s fifty day simple moving average is $94.74 and its 200 day simple moving average is $93.47. iShares MBS ETF has a 52-week low of $90.28 and a 52-week high of $95.97.

iShares MBS ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a $0.3363 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Wednesday, October 1st.

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).