Keybank National Association OH Makes New $14.83 Million Investment in iShares MBS ETF $MBB

Keybank National Association OH bought a new position in iShares MBS ETF (NASDAQ:MBB) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 165,435 shares of the company’s stock, valued at approximately $14,826,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in iShares MBS ETF in the 3rd quarter valued at $1,427,000. Kestra Investment Management LLC increased its holdings in shares of iShares MBS ETF by 4.4% in the third quarter. Kestra Investment Management LLC now owns 413,036 shares of the company’s stock worth $37,016,000 after purchasing an additional 17,553 shares during the period. Retirement Systems of Alabama increased its holdings in shares of iShares MBS ETF by 30.1% in the third quarter. Retirement Systems of Alabama now owns 62,185 shares of the company’s stock worth $5,573,000 after purchasing an additional 14,380 shares during the period. rebel Financial LLC bought a new position in shares of iShares MBS ETF in the third quarter worth $250,000. Finally, Bear Mountain Capital Inc. purchased a new stake in shares of iShares MBS ETF in the third quarter worth $32,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $91.11 on Thursday. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96. The business has a 50-day simple moving average of $90.95 and a 200 day simple moving average of $93.63.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.3471 dividend. This represents a $4.17 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Monday, November 2nd. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).