State of Michigan Retirement System Buys 1,025,000 Shares of iShares MBS ETF (NASDAQ:MBB)

State of Michigan Retirement System boosted its stake in iShares MBS ETF (NASDAQ:MBB) by 189.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,565,800 shares of the company’s stock after purchasing an additional 1,025,000 shares during the period. iShares MBS ETF comprises 0.8% of State of Michigan Retirement System’s investment portfolio, making the stock its 21st largest position. State of Michigan Retirement System’s holdings in iShares MBS ETF were worth $144,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Manhattan West Asset Management LLC increased its holdings in iShares MBS ETF by 14.3% during the 4th quarter. Manhattan West Asset Management LLC now owns 47,727 shares of the company’s stock valued at $4,490,000 after purchasing an additional 5,976 shares during the period. Crewe Advisors LLC purchased a new position in shares of iShares MBS ETF during the fourth quarter valued at approximately $82,000. CAP Partners LLC purchased a new position in shares of iShares MBS ETF during the fourth quarter valued at approximately $1,082,000. Hilltop Holdings Inc. raised its holdings in shares of iShares MBS ETF by 0.3% during the fourth quarter. Hilltop Holdings Inc. now owns 125,744 shares of the company’s stock valued at $11,830,000 after acquiring an additional 343 shares in the last quarter. Finally, US Financial Advisors LLC lifted its stake in iShares MBS ETF by 7.2% in the fourth quarter. US Financial Advisors LLC now owns 22,670 shares of the company’s stock worth $2,133,000 after acquiring an additional 1,518 shares during the period. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

NASDAQ:MBB traded up $0.28 during trading hours on Tuesday, hitting $91.13. The company had a trading volume of 1,569,331 shares, compared to its average volume of 2,445,300. The stock has a 50-day moving average price of $91.27 and a 200 day moving average price of $91.96. iShares MBS ETF has a 52 week low of $85.28 and a 52 week high of $94.55.

iShares MBS ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, July 1st will be paid a dividend of $0.3053 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Monday, July 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).