iShares MBS ETF $MBB Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC reduced its stake in iShares MBS ETF (NASDAQ:MBB) by 3.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,782,186 shares of the company’s stock after selling 63,803 shares during the period. iShares MBS ETF comprises about 2.5% of Miracle Mile Advisors LLC’s holdings, making the stock its 7th biggest position. Miracle Mile Advisors LLC’s holdings in iShares MBS ETF were worth $169,575,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in iShares MBS ETF by 2.9% during the 2nd quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock worth $6,039,909,000 after purchasing an additional 1,796,449 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of iShares MBS ETF by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 26,767,449 shares of the company’s stock worth $2,513,079,000 after buying an additional 153,806 shares during the period. TIAA Trust National Association grew its holdings in shares of iShares MBS ETF by 349.3% during the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after buying an additional 18,631,536 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of iShares MBS ETF by 1.2% during the second quarter. Fisher Asset Management LLC now owns 21,297,627 shares of the company’s stock valued at $1,999,634,000 after buying an additional 254,658 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of iShares MBS ETF by 1.6% in the 2nd quarter. Allworth Financial LP now owns 3,101,316 shares of the company’s stock valued at $291,183,000 after acquiring an additional 50,059 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $95.22 on Thursday. The business has a fifty day moving average of $95.38 and a 200 day moving average of $94.55. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.25.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.334 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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).