Gotham Asset Management LLC Invests $713,000 in iShares MBS ETF (NASDAQ:MBB)

Gotham Asset Management LLC acquired a new position in iShares MBS ETF (NASDAQ:MBB) in the fourth quarter, Holdings Channel reports. The firm acquired 7,782 shares of the company’s stock, valued at approximately $713,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in shares of iShares MBS ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after acquiring an additional 1,826,521 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after purchasing an additional 17,056,138 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares MBS ETF by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock valued at $2,637,664,000 after purchasing an additional 1,336,608 shares during the period. LPL Financial LLC lifted its stake in shares of iShares MBS ETF by 13.9% in the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock worth $2,003,943,000 after buying an additional 2,668,319 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of iShares MBS ETF by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock worth $1,806,274,000 after buying an additional 1,436,342 shares during the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

MBB stock opened at $92.37 on Monday. The company has a 50-day moving average of $92.92 and a two-hundred day moving average of $92.57. iShares MBS ETF has a 52-week low of $90.03 and a 52-week high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 6th. Investors of record on Thursday, May 1st were paid a dividend of $0.3255 per share. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date of this dividend was Thursday, May 1st. This represents a $3.91 annualized dividend and a yield of 4.23%.

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).