Raymond James & Associates Purchases 90,461 Shares of iShares MBS ETF (NASDAQ:MBB)

Raymond James & Associates raised its position in iShares MBS ETF (NASDAQ:MBB) by 21.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 513,448 shares of the company’s stock after purchasing an additional 90,461 shares during the period. Raymond James & Associates’ holdings in iShares MBS ETF were worth $47,453,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. TIAA Trust National Association bought a new stake in iShares MBS ETF during the 3rd quarter worth about $374,403,000. JPMorgan Chase & Co. grew its stake in 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 purchasing an additional 2,719,637 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares MBS ETF during the 3rd quarter worth approximately $223,373,000. Bank of New York Mellon Corp boosted its holdings in shares of iShares MBS ETF by 87.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock valued at $321,118,000 after buying an additional 1,688,344 shares during the last quarter. Finally, Midland Wealth Advisors LLC bought a new position in shares of iShares MBS ETF in the fourth quarter valued at $151,461,000. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

NASDAQ MBB traded up $0.51 on Friday, hitting $90.67. 1,554,564 shares of the stock were exchanged, compared to its average volume of 2,657,438. The business’s fifty day moving average is $91.27 and its 200 day moving average is $91.27. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.70.

iShares MBS ETF Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd will be issued a dividend of $0.2823 per share. This represents a $3.39 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, May 1st.

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).