Cypress Capital LLC Trims Stake in iShares MBS ETF (NASDAQ:MBB)

Cypress Capital LLC trimmed its stake in iShares MBS ETF (NASDAQ:MBB) by 3.9% in the 4th quarter, HoldingsChannel reports. The firm owned 7,198 shares of the company’s stock after selling 295 shares during the period. Cypress Capital LLC’s holdings in iShares MBS ETF were worth $660,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in iShares MBS ETF by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock worth $3,321,229,000 after buying an additional 5,521,374 shares in the last quarter. Fisher Asset Management LLC increased its stake in iShares MBS ETF by 8.3% in the 3rd quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock worth $1,750,027,000 after buying an additional 1,404,263 shares in the last quarter. LPL Financial LLC increased its stake in iShares MBS ETF by 6.3% in the 3rd quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock worth $1,838,565,000 after buying an additional 1,138,182 shares in the last quarter. Hilton Capital Management LLC purchased a new stake in iShares MBS ETF in the 3rd quarter worth $88,586,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in iShares MBS ETF by 696.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 804,598 shares of the company’s stock worth $77,089,000 after buying an additional 703,598 shares in the last quarter. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.5 %

Shares of MBB stock opened at $92.87 on Friday. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76. The stock has a fifty day simple moving average of $91.75 and a two-hundred day simple moving average of $93.45.

iShares MBS ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.3414 per share. The ex-dividend date was Monday, February 3rd. This is an increase from iShares MBS ETF’s previous dividend of $0.29.

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).