CIBC Asset Management Inc Acquires 49,678 Shares of iShares MBS ETF $MBB

CIBC Asset Management Inc boosted its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 8.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 625,969 shares of the company’s stock after buying an additional 49,678 shares during the quarter. CIBC Asset Management Inc’s holdings in iShares MBS ETF were worth $58,772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MBB. NewEdge Advisors LLC raised its position in iShares MBS ETF by 8.3% in the second quarter. NewEdge Advisors LLC now owns 649,770 shares of the company’s stock worth $61,007,000 after acquiring an additional 49,635 shares during the period. Sentinus LLC increased its stake in shares of iShares MBS ETF by 3.8% in the 2nd quarter. Sentinus LLC now owns 100,110 shares of the company’s stock worth $9,399,000 after purchasing an additional 3,640 shares in the last quarter. Vertex Planning Partners LLC raised its holdings in iShares MBS ETF by 2.7% in the 2nd quarter. Vertex Planning Partners LLC now owns 85,500 shares of the company’s stock worth $8,028,000 after purchasing an additional 2,214 shares during the period. Cerity Partners LLC lifted its position in iShares MBS ETF by 601.2% during the second quarter. Cerity Partners LLC now owns 320,881 shares of the company’s stock valued at $30,127,000 after purchasing an additional 275,117 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in iShares MBS ETF by 23.8% during the second quarter. Federated Hermes Inc. now owns 278,570 shares of the company’s stock valued at $26,155,000 after purchasing an additional 53,600 shares in the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Performance

Shares of MBB opened at $95.23 on Thursday. The business has a 50-day simple moving average of $95.44 and a two-hundred day simple moving average of $94.24. iShares MBS ETF has a 52 week low of $90.28 and a 52 week high of $96.25.

iShares MBS ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, December 1st were issued a $0.3469 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a c) annualized dividend and a yield of 4.4%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.34.

iShares MBS ETF Company 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).