iShares MBS ETF $MBB Stake Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in iShares MBS ETF (NASDAQ:MBB) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 768,970 shares of the company’s stock after buying an additional 55,265 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.20% of iShares MBS ETF worth $68,915,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its stake in iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at $153,345,000. Asset Management One Co. Ltd. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at $111,873,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares MBS ETF in the third quarter worth $75,219,000. Finally, Midland Wealth Advisors LLC increased its holdings in shares of iShares MBS ETF by 26.9% in the third quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock worth $286,481,000 after purchasing an additional 677,722 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Price Performance

MBB stock opened at $91.53 on Wednesday. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The firm has a 50 day simple moving average of $91.13 and a two-hundred day simple moving average of $93.74.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd will be issued a dividend of $0.3471 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.6%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).