Monument Capital Management Makes New $4.78 Million Investment in iShares MBS ETF $MBB

Monument Capital Management acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,220 shares of the company’s stock, valued at approximately $4,782,000. iShares MBS ETF comprises approximately 1.2% of Monument Capital Management’s investment portfolio, making the stock its 24th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. 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 worth $6,840,878,000 after purchasing an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares MBS ETF by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after buying an additional 1,182,620 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of iShares MBS ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock worth $2,616,104,000 after buying an additional 727,070 shares during the period. TIAA Trust National Association boosted its stake in shares of iShares MBS ETF by 5.8% during the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock worth $2,413,954,000 after buying an additional 1,399,487 shares during the period. 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 worth $2,141,246,000 after buying an additional 1,206,273 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $95.46 on Wednesday. The stock’s 50-day moving average price is $95.46 and its 200 day moving average price is $95.43. iShares MBS ETF has a 52-week low of $91.19 and a 52-week high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were issued a $0.3329 dividend. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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).