Wells Fargo & Company MN Sells 28,190 Shares of iShares MBS ETF (NASDAQ:MBB)

Wells Fargo & Company MN reduced its position in iShares MBS ETF (NASDAQ:MBB) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,568,385 shares of the company’s stock after selling 28,190 shares during the period. Wells Fargo & Company MN’s holdings in iShares MBS ETF were worth $235,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC increased its stake in iShares MBS ETF by 8.1% during the third quarter. HighTower Advisors LLC now owns 227,133 shares of the company’s stock worth $21,751,000 after acquiring an additional 16,948 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of iShares MBS ETF in the 3rd quarter valued at approximately $958,000. Jane Street Group LLC boosted its holdings in shares of iShares MBS ETF by 6,392.8% in the 3rd quarter. Jane Street Group LLC now owns 646,550 shares of the company’s stock worth $61,946,000 after purchasing an additional 636,592 shares during the period. EP Wealth Advisors LLC increased its position in shares of iShares MBS ETF by 9.9% during the 3rd quarter. EP Wealth Advisors LLC now owns 5,588 shares of the company’s stock valued at $535,000 after purchasing an additional 503 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in iShares MBS ETF by 62.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 179,565 shares of the company’s stock valued at $17,204,000 after buying an additional 68,798 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $94.18 on Friday. The business has a fifty day moving average of $92.96 and a 200 day moving average of $93.01. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were paid a dividend of $0.3309 per share. This is a positive change from iShares MBS ETF’s previous dividend of $0.32. The ex-dividend date was Tuesday, April 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).