New Republic Capital LLC Lowers Holdings in iShares MBS ETF (NASDAQ:MBB)

New Republic Capital LLC decreased its stake in iShares MBS ETF (NASDAQ:MBB) by 25.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,342 shares of the company’s stock after selling 792 shares during the quarter. New Republic Capital LLC’s holdings in iShares MBS ETF were worth $220,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MBB. Brighton Jones LLC purchased a new position in iShares MBS ETF during the fourth quarter worth approximately $273,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in iShares MBS ETF during the fourth quarter worth approximately $22,230,000. D L Carlson Investment Group Inc. boosted its position in iShares MBS ETF by 1.9% during the fourth quarter. D L Carlson Investment Group Inc. now owns 24,691 shares of the company’s stock worth $2,264,000 after purchasing an additional 456 shares in the last quarter. Alliancebernstein L.P. boosted its position in iShares MBS ETF by 15.5% during the fourth quarter. Alliancebernstein L.P. now owns 675,816 shares of the company’s stock worth $61,959,000 after purchasing an additional 90,614 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in iShares MBS ETF by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 302,201 shares of the company’s stock worth $27,706,000 after purchasing an additional 5,492 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.2%

Shares of MBB stock opened at $92.92 on Tuesday. The business’s 50 day moving average is $92.71 and its two-hundred day moving average is $92.68. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.76.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were given a dividend of $0.3322 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $3.99 dividend on an annualized basis and a yield of 4.29%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

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).