Portfolio Resources Advisor Group Inc. Takes Position in iShares MBS ETF $MBB

Portfolio Resources Advisor Group Inc. bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 15,082 shares of the company’s stock, valued at approximately $1,436,000. iShares MBS ETF comprises approximately 1.4% of Portfolio Resources Advisor Group Inc.’s investment portfolio, making the stock its 18th biggest holding.

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

iShares MBS ETF Price Performance

NASDAQ:MBB opened at $94.38 on Monday. iShares MBS ETF has a 52 week low of $92.38 and a 52 week high of $96.96. The stock has a 50 day moving average of $94.56 and a 200-day moving average of $95.15.

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 issued a $0.3334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, June 1st.

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).