Manning & Napier Advisors LLC Reduces Stock Holdings in iShares MBS ETF $MBB

Manning & Napier Advisors LLC lessened its position in shares of iShares MBS ETF (NASDAQ:MBB) by 12.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 195,078 shares of the company’s stock after selling 28,747 shares during the period. Manning & Napier Advisors LLC’s holdings in iShares MBS ETF were worth $18,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE increased its holdings in iShares MBS ETF by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after acquiring an additional 7,566,099 shares in the last quarter. LPL Financial LLC increased its stake in shares of iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares in the last quarter. TIAA Trust National Association increased its stake in shares of iShares MBS ETF by 2.5% during the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after purchasing an additional 646,390 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares MBS ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock worth $1,357,703,000 after purchasing an additional 284,484 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of iShares MBS ETF by 4.1% during the 4th quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock worth $938,142,000 after purchasing an additional 383,629 shares during the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

iShares MBS ETF stock traded down $0.10 during mid-day trading on Friday, hitting $93.72. 1,694,893 shares of the company were exchanged, compared to its average volume of 2,569,762. The business’s 50 day simple moving average is $94.26 and its two-hundred day simple moving average is $95.02. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.3373 per share. The ex-dividend date of this dividend was Wednesday, July 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). 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).