TIAA Trust National Association Grows Position in iShares MBS ETF (NASDAQ:MBB)

TIAA Trust National Association increased its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 10.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,392,178 shares of the company’s stock after purchasing an additional 524,695 shares during the quarter. iShares MBS ETF accounts for about 1.5% of TIAA Trust National Association’s investment portfolio, making the stock its 13th largest holding. TIAA Trust National Association’s holdings in iShares MBS ETF were worth $494,355,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Modern Wealth Management LLC raised its position in iShares MBS ETF by 312.1% in the fourth quarter. Modern Wealth Management LLC now owns 150,912 shares of the company’s stock valued at $13,914,000 after purchasing an additional 114,295 shares during the period. Congress Wealth Management LLC DE raised its holdings in shares of iShares MBS ETF by 838.6% during the 4th quarter. Congress Wealth Management LLC DE now owns 558,802 shares of the company’s stock valued at $51,231,000 after buying an additional 499,269 shares during the period. Community Bank N.A. lifted its position in iShares MBS ETF by 4.5% during the 4th quarter. Community Bank N.A. now owns 16,831 shares of the company’s stock worth $1,543,000 after acquiring an additional 718 shares in the last quarter. Meridian Wealth Partners LLC boosted its holdings in iShares MBS ETF by 2.9% in the 4th quarter. Meridian Wealth Partners LLC now owns 230,320 shares of the company’s stock worth $21,116,000 after acquiring an additional 6,538 shares during the period. Finally, Paces Ferry Wealth Advisors LLC acquired a new stake in iShares MBS ETF in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $93.07 on Tuesday. The firm has a fifty day simple moving average of $92.58 and a 200-day simple moving average of $93.16. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).