Fort Point Capital Partners LLC Boosts Stock Position in iShares MBS ETF $MBB

Fort Point Capital Partners LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 9.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 69,704 shares of the company’s stock after buying an additional 5,882 shares during the period. Fort Point Capital Partners LLC’s holdings in iShares MBS ETF were worth $6,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after buying an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares MBS ETF by 2.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares in the last quarter. LPL Financial LLC lifted its position in iShares MBS ETF by 4.1% in the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after acquiring an additional 1,104,895 shares in the last quarter. TIAA Trust National Association lifted its position in iShares MBS ETF by 2.5% in the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after acquiring an additional 646,390 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in iShares MBS ETF by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock valued at $2,141,246,000 after acquiring an additional 1,206,273 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1%

MBB stock opened at $94.38 on Friday. iShares MBS ETF has a 12-month low of $92.38 and a 12-month high of $96.96. The stock’s 50 day simple moving average is $94.56 and its 200 day simple moving average is $95.16.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a $0.3334 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a 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).