iShares MBS ETF $MBB Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC cut its holdings in iShares MBS ETF (NASDAQ:MBB) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 290,234 shares of the company’s stock after selling 13,294 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares MBS ETF were worth $26,011,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after acquiring an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of iShares MBS ETF in the first quarter valued at about $138,835,000. LPL Financial LLC lifted its holdings in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after purchasing an additional 1,104,895 shares in the last quarter. TIAA Trust National Association grew its position in shares of iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after purchasing an additional 646,390 shares during the last quarter. Finally, Rodgers & Associates LTD acquired a new stake in shares of iShares MBS ETF in the second quarter valued at approximately $37,987,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Trading Down 0.0%

Shares of MBB traded down $0.01 during mid-day trading on Thursday, reaching $89.61. 4,027,510 shares of the company’s stock were exchanged, compared to its average volume of 3,031,809. The company has a 50-day simple moving average of $92.41 and a two-hundred day simple moving average of $93.73. iShares MBS ETF has a 52-week low of $88.92 and a 52-week high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.3662 per share. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date is Thursday, October 1st. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%.

About iShares MBS ETF

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).