Sovran Advisors LLC Raises Stake in iShares MBS ETF $MBB

Sovran Advisors LLC lifted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 47.6% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 65,238 shares of the company’s stock after buying an additional 21,046 shares during the period. Sovran Advisors LLC’s holdings in iShares MBS ETF were worth $6,183,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after acquiring an additional 7,566,099 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of iShares MBS ETF by 4.1% during the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares during the last quarter. TIAA Trust National Association grew its position in shares of iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after purchasing an additional 646,390 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares MBS ETF by 2.0% in the third quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock valued at $1,357,703,000 after purchasing an additional 284,484 shares during the period. Finally, Morgan Stanley increased its stake in iShares MBS ETF by 4.1% in the fourth quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock valued at $938,142,000 after purchasing an additional 383,629 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ MBB traded down $0.10 during trading hours on Friday, hitting $93.72. 1,694,893 shares of the company’s stock were exchanged, compared to its average volume of 2,569,762. The business’s 50 day moving average is $94.26 and its 200-day moving average is $95.02. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.3373 per share. The ex-dividend date of this dividend was Wednesday, July 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).