ETRADE Capital Management LLC Decreases Position in iShares MBS ETF (MBB)

ETRADE Capital Management LLC trimmed its position in shares of iShares MBS ETF (NASDAQ:MBB) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,769 shares of the companys stock after selling 29,499 shares during the quarter. iShares MBS ETF accounts for approximately 0.7% of ETRADE Capital Management LLCs portfolio, making the stock its 17th largest holding. ETRADE Capital Management LLC owned about 0.19% of iShares MBS ETF worth $22,892,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Liberty Mutual Group Asset Management Inc. acquired a new position in iShares MBS ETF during the fourth quarter worth approximately $147,482,000. Thomaspartners Inc. grew its holdings in iShares MBS ETF by 95.4% during the 1st quarter. Thomaspartners Inc. now owns 2,048,280 shares of the companys stock valued at $214,332,000 after purchasing an additional 1,000,029 shares in the last quarter. Wells Fargo & Company MN boosted its stake in iShares MBS ETF by 7.1% during the 1st quarter. Wells Fargo & Company MN now owns 5,997,827 shares of the companys stock valued at $627,612,000 after acquiring an additional 397,859 shares during the last quarter. Fisher Asset Management LLC boosted its stake in iShares MBS ETF by 6.1% during the 4th quarter. Fisher Asset Management LLC now owns 4,595,566 shares of the companys stock valued at $489,841,000 after acquiring an additional 263,241 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in iShares MBS ETF by 16.8% during the 4th quarter. BlackRock Inc. now owns 1,594,084 shares of the companys stock valued at $169,914,000 after acquiring an additional 229,753 shares during the last quarter.

Shares of iShares MBS ETF traded down $0.48, hitting $103.83, during mid-day trading on Friday, according to MarketBeat.com. The companys stock had a trading volume of 569,063 shares, compared to its average volume of 668,491. iShares MBS ETF has a fifty-two week low of $102.93 and a fifty-two week high of $107.76.

The company also recently announced a monthly dividend, which was paid on Monday, May 7th. Shareholders of record on Wednesday, May 2nd were issued a $0.253 dividend. This represents a $3.04 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Tuesday, May 1st.

This article provided by NewsEdge.