iShares MBS ETF (NASDAQ:MBB) Shares Acquired by Charles Schwab Investment Advisory Inc.

Charles Schwab Investment Advisory Inc. increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 25.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,460,902 shares of the company’s stock after acquiring an additional 1,102,208 shares during the period. iShares MBS ETF comprises about 0.7% of Charles Schwab Investment Advisory Inc.’s portfolio, making the stock its 28th biggest position. Charles Schwab Investment Advisory Inc.’s holdings in iShares MBS ETF were worth $513,762,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Register Financial Advisors LLC grew its holdings in shares of iShares MBS ETF by 584.6% in the 4th quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock worth $25,000 after acquiring an additional 228 shares during the period. BluePath Capital Management LLC purchased a new position in shares of iShares MBS ETF in the third quarter valued at $26,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of iShares MBS ETF in the 4th quarter worth about $28,000. Kozak & Associates Inc. purchased a new position in iShares MBS ETF during the 4th quarter valued at about $31,000. Finally, Howe & Rusling Inc. grew its stake in iShares MBS ETF by 163.3% in the 3rd quarter. Howe & Rusling Inc. now owns 366 shares of the company’s stock worth $33,000 after acquiring an additional 227 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

MBB stock traded down $0.16 on Wednesday, hitting $90.85. 3,218,914 shares of the company were exchanged, compared to its average volume of 2,675,004. iShares MBS ETF has a twelve month low of $85.28 and a twelve month high of $95.40. The business’s fifty day moving average is $91.24 and its two-hundred day moving average is $91.40.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a dividend of $0.2823 per share. The ex-dividend date was Wednesday, May 1st. This represents a $3.39 annualized dividend and a dividend yield of 3.73%.

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).