Norway Savings Bank Decreases Holdings in iShares MBS ETF (NASDAQ:MBB)

Norway Savings Bank lowered its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 45.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,662 shares of the company’s stock after selling 3,921 shares during the period. Norway Savings Bank’s holdings in iShares MBS ETF were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MBB. JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 11.1% in the third quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock valued at $2,422,987,000 after buying an additional 2,719,637 shares during the last quarter. Midland Wealth Advisors LLC purchased a new stake in iShares MBS ETF during the 4th quarter valued at about $151,461,000. Quotient Wealth Partners LLC acquired a new stake in iShares MBS ETF in the 4th quarter valued at about $138,573,000. Ameriprise Financial Inc. lifted its stake in iShares MBS ETF by 9.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock worth $1,182,679,000 after purchasing an additional 1,158,175 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. lifted its stake in iShares MBS ETF by 25.3% in the 4th quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock worth $513,762,000 after purchasing an additional 1,102,208 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $91.81 on Friday. iShares MBS ETF has a 1 year low of $85.28 and a 1 year high of $94.55. The business has a 50 day simple moving average of $91.24 and a 200-day simple moving average of $91.98.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a $0.3002 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Monday, June 3rd.

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).