Braun Bostich & Associates Inc. Sells 2,376 Shares of iShares MBS ETF (NASDAQ:MBB)

Braun Bostich & Associates Inc. cut its stake in iShares MBS ETF (NASDAQ:MBB) by 9.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 23,758 shares of the company’s stock after selling 2,376 shares during the period. iShares MBS ETF accounts for approximately 1.6% of Braun Bostich & Associates Inc.’s investment portfolio, making the stock its 18th biggest holding. Braun Bostich & Associates Inc.’s holdings in iShares MBS ETF were worth $2,228,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MBB. Bank of America Corp DE increased its position in iShares MBS ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after buying an additional 1,826,521 shares during the period. JPMorgan Chase & Co. increased its position in iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock worth $4,741,789,000 after acquiring an additional 17,056,138 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares MBS ETF by 4.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock worth $2,637,664,000 after purchasing an additional 1,336,608 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares MBS ETF by 13.9% in the 4th quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after purchasing an additional 2,668,319 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in iShares MBS ETF by 7.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after purchasing an additional 1,436,342 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.4%

Shares of MBB opened at $92.61 on Thursday. iShares MBS ETF has a 12 month low of $90.28 and a 12 month high of $96.76. The firm’s 50 day moving average is $92.42 and its 200-day moving average is $92.52.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a $0.3251 dividend. The ex-dividend date was Monday, June 2nd. This represents a $3.90 annualized dividend and a yield of 4.21%.

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).