UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in iShares MBS ETF (NASDAQ:MBB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in iShares MBS ETF (NASDAQ:MBB) by 696.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 804,598 shares of the company’s stock after purchasing an additional 703,598 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in iShares MBS ETF were worth $77,089,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MBB. St. Johns Investment Management Company LLC purchased a new position in shares of iShares MBS ETF during the 3rd quarter worth $30,000. Chris Bulman Inc acquired a new stake in iShares MBS ETF during the second quarter worth about $31,000. Rothschild Investment LLC purchased a new position in iShares MBS ETF during the second quarter worth about $33,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $33,000. Finally, MeadowBrook Investment Advisors LLC grew its stake in shares of iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of NASDAQ MBB opened at $93.50 on Tuesday. The company has a 50 day simple moving average of $93.67 and a 200-day simple moving average of $93.54. iShares MBS ETF has a 1 year low of $89.16 and a 1 year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.3074 per share. The ex-dividend date is Monday, December 2nd.

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).