iShares MBS ETF $MBB Shares Purchased by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC increased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 4.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 442,207 shares of the company’s stock after purchasing an additional 17,872 shares during the period. iShares MBS ETF makes up approximately 2.1% of Ocean Park Asset Management LLC’s investment portfolio, making the stock its 12th largest position. Ocean Park Asset Management LLC’s holdings in iShares MBS ETF were worth $41,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake in 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 worth $6,840,878,000 after purchasing an additional 7,566,099 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after buying an additional 1,104,895 shares in the last quarter. TIAA Trust National Association grew its stake in shares of iShares MBS ETF by 2.5% in 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 buying an additional 646,390 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of iShares MBS ETF by 5.7% in 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 buying an additional 1,206,273 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares MBS ETF by 2.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 14,290,044 shares of the company’s stock valued at $1,357,703,000 after buying an additional 284,484 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

MBB opened at $94.48 on Monday. The stock’s 50-day moving average price is $94.52 and its 200 day moving average price is $95.11. iShares MBS ETF has a 12-month low of $92.40 and a 12-month high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.3334 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, June 1st.

iShares MBS ETF Company Profile

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).