iShares MBS ETF (NASDAQ:MBB) Stake Lessened by Lazard Asset Management LLC

Lazard Asset Management LLC lowered its holdings in iShares MBS ETF (NASDAQ:MBB) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,390 shares of the company’s stock after selling 6,120 shares during the period. Lazard Asset Management LLC’s holdings in iShares MBS ETF were worth $11,220,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth $36,000. Key Financial Inc raised its holdings in shares of iShares MBS ETF by 4,220.0% during the fourth quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth $58,000. CENTRAL TRUST Co raised its holdings in shares of iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Finally, Tucker Asset Management LLC raised its holdings in shares of iShares MBS ETF by 74.5% during the fourth quarter. Tucker Asset Management LLC now owns 670 shares of the company’s stock worth $61,000 after acquiring an additional 286 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.4%

Shares of NASDAQ:MBB opened at $91.66 on Thursday. iShares MBS ETF has a 1 year low of $90.03 and a 1 year high of $96.76. The business has a fifty day simple moving average of $92.96 and a 200 day simple moving average of $92.58.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were issued a dividend of $0.3255 per share. This represents a $3.91 annualized dividend and a dividend yield of 4.26%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date was Thursday, May 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).