JPMorgan Chase & Co. Trims Stock Position in iShares MBS ETF $MBB

JPMorgan Chase & Co. lessened its holdings in iShares MBS ETF (NASDAQ:MBB) by 32.1% during the 4th quarter, Holdings Channel reports. The firm owned 35,090,359 shares of the company’s stock after selling 16,587,315 shares during the quarter. JPMorgan Chase & Co. owned about 0.09% of iShares MBS ETF worth $3,341,304,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. ESL Trust Services LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $28,000. Nemes Rush Group LLC lifted 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 valued at $34,000 after purchasing an additional 206 shares in the last quarter. Aventura Private Wealth LLC purchased a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $35,000. Wealth Watch Advisors INC purchased a new stake in shares of iShares MBS ETF in the third quarter valued at about $35,000. Finally, Key Financial Inc lifted its holdings in shares of iShares MBS ETF by 96.9% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $93.74 on Monday. The company’s 50 day simple moving average is $94.60 and its 200 day simple moving average is $95.20. iShares MBS ETF has a 1 year low of $91.56 and a 1 year high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.3334 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.3%.

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). 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).