Oppenheimer Asset Management Inc. Reduces Position in iShares MBS ETF $MBB

Oppenheimer Asset Management Inc. trimmed its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,523 shares of the company’s stock after selling 7,925 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in iShares MBS ETF were worth $4,525,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of MBB. Howe & Rusling Inc. increased its position in shares of iShares MBS ETF by 184.0% during the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after acquiring an additional 184 shares during the last quarter. Westfuller Advisors LLC purchased a new stake in shares of iShares MBS ETF during the third quarter worth about $33,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth about $35,000. Wealth Watch Advisors INC purchased a new stake in shares of iShares MBS ETF during the third quarter worth about $35,000. Finally, Dunhill Financial LLC increased its position in shares of iShares MBS ETF by 3,554.5% during the fourth quarter. Dunhill Financial LLC now owns 402 shares of the company’s stock worth $38,000 after acquiring an additional 391 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.3%

Shares of 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 stock’s 50-day simple moving average is $95.26 and its 200-day simple moving average is $95.43.

iShares MBS ETF Dividend Announcement

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