New Century Financial Group LLC Sells 4,956 Shares of iShares MBS ETF (NASDAQ:MBB)

New Century Financial Group LLC cut its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 18.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,110 shares of the company’s stock after selling 4,956 shares during the quarter. iShares MBS ETF comprises 1.4% of New Century Financial Group LLC’s investment portfolio, making the stock its 9th biggest position. New Century Financial Group LLC’s holdings in iShares MBS ETF were worth $2,043,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MBB. Federated Hermes Inc. purchased a new position in iShares MBS ETF during the third quarter worth about $329,000. Lazard Asset Management LLC purchased a new position in iShares MBS ETF during the third quarter worth about $13,131,000. Kepos Capital LP raised its stake in iShares MBS ETF by 100.0% during the third quarter. Kepos Capital LP now owns 49,200 shares of the company’s stock worth $4,369,000 after purchasing an additional 24,600 shares during the period. JPMorgan Chase & Co. raised its stake in iShares MBS ETF by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 27,285,852 shares of the company’s stock worth $2,422,987,000 after purchasing an additional 2,719,637 shares during the period. Finally, Sei Investments Co. raised its stake in iShares MBS ETF by 7.7% during the third quarter. Sei Investments Co. now owns 1,841,786 shares of the company’s stock worth $163,551,000 after purchasing an additional 131,566 shares during the period. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock traded up $0.51 on Thursday, reaching $91.64. The company had a trading volume of 1,286,825 shares, compared to its average volume of 2,436,398. The firm’s 50 day moving average price is $91.32 and its two-hundred day moving average price is $91.94. 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 firm also recently announced a monthly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a dividend of $0.3053 per share. This represents a $3.66 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Monday, July 1st.

iShares MBS ETF 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).