Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Sells 727,500 Shares of iShares MBS ETF (NASDAQ:MBB)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its stake in shares of iShares MBS ETF (NASDAQ:MBB – Get Rating) by 98.6% in the third quarter, Holdings Channel.com reports. The fund owned 10,200 shares of the company’s stock after selling 727,500 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in iShares MBS ETF were worth $934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BTS Asset Management Inc. grew its position in shares of iShares MBS ETF by 1.3% during the 2nd quarter. BTS Asset Management Inc. now owns 8,333 shares of the company’s stock worth $812,000 after buying an additional 110 shares during the period. Argus Investors Counsel Inc. grew its stake in shares of iShares MBS ETF by 2.4% in the 2nd quarter. Argus Investors Counsel Inc. now owns 5,192 shares of the company’s stock valued at $506,000 after buying an additional 120 shares during the period. Brinker Capital Investments LLC increased its position in iShares MBS ETF by 6.3% in the 1st quarter. Brinker Capital Investments LLC now owns 2,190 shares of the company’s stock valued at $223,000 after buying an additional 130 shares in the last quarter. Sawtooth Solutions LLC raised its stake in iShares MBS ETF by 2.8% during the 2nd quarter. Sawtooth Solutions LLC now owns 4,894 shares of the company’s stock worth $477,000 after buying an additional 131 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in iShares MBS ETF by 2.4% during the 2nd quarter. Verdence Capital Advisors LLC now owns 5,654 shares of the company’s stock worth $551,000 after buying an additional 135 shares during the period.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $95.82 on Friday. iShares MBS ETF has a 52 week low of $88.00 and a 52 week high of $106.06. The stock has a 50 day moving average price of $94.14 and a two-hundred day moving average price of $94.59.

iShares MBS ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, December 21st. Shareholders of record on Friday, December 16th were paid a $0.241 dividend. This represents a $2.89 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.23. The ex-dividend date was Thursday, December 15th.

About iShares MBS ETF

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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).