SRS Capital Advisors Inc. Has $1.09 Million Stake in iShares MBS ETF (NASDAQ:MBB)

SRS Capital Advisors Inc. reduced its holdings in iShares MBS ETF (NASDAQ:MBB) by 5.0% during the 4th quarter, Holdings Channel reports. The fund owned 11,604 shares of the company’s stock after selling 608 shares during the quarter. SRS Capital Advisors Inc.’s holdings in iShares MBS ETF were worth $1,092,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of iShares MBS ETF by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock worth $2,422,987,000 after purchasing an additional 2,719,637 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares MBS ETF by 9.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,314,589 shares of the company’s stock valued at $1,182,679,000 after acquiring an additional 1,158,175 shares in the last quarter. TIAA Trust National Association bought a new position in shares of iShares MBS ETF in the third quarter worth about $374,403,000. Bank of New York Mellon Corp lifted its position in shares of iShares MBS ETF by 87.6% during the third quarter. Bank of New York Mellon Corp now owns 3,616,191 shares of the company’s stock worth $321,118,000 after purchasing an additional 1,688,344 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of iShares MBS ETF by 12.6% in the 3rd quarter. Stifel Financial Corp now owns 3,121,046 shares of the company’s stock valued at $277,150,000 after buying an additional 350,293 shares during the period. 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. 1,554,561 shares of the stock were exchanged, compared to its average volume of 2,657,438. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $95.70. The company’s 50-day moving average price is $91.30 and its 200 day moving average price is $91.24.

iShares MBS ETF Announces Dividend

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

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).