State of New Jersey Common Pension Fund D Decreases Stake in iShares MBS ETF $MBB

State of New Jersey Common Pension Fund D trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 18.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 450,000 shares of the company’s stock after selling 100,000 shares during the period. State of New Jersey Common Pension Fund D owned about 0.10% of iShares MBS ETF worth $42,818,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC acquired a new position in iShares MBS ETF during the 2nd quarter worth approximately $26,000. Howe & Rusling Inc. lifted its position in shares of iShares MBS ETF by 184.0% during the 3rd quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. Tsfg LLC grew its stake in shares of iShares MBS ETF by 106.8% during the second quarter. Tsfg LLC now owns 335 shares of the company’s stock worth $31,000 after purchasing an additional 173 shares in the last quarter. Westfuller Advisors LLC acquired a new position in shares of iShares MBS ETF during the third quarter worth $33,000. Finally, Evolution Wealth Management Inc. purchased a new position in iShares MBS ETF in the second quarter valued at $39,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $96.55 on Friday. The stock’s fifty day moving average is $95.44 and its two-hundred day moving average is $95.11. iShares MBS ETF has a 1-year low of $90.84 and a 1-year high of $96.55.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.3347 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a yield of 4.2%.

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).