M&T Bank Corp Trims Stake in iShares MBS ETF (NASDAQ:MBB)

M&T Bank Corp lessened its holdings in shares of iShares MBS ETF (NASDAQ:MBB) by 23.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,203 shares of the company’s stock after selling 10,087 shares during the quarter. M&T Bank Corp’s holdings in iShares MBS ETF were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of MBB. St. Johns Investment Management Company LLC bought a new position in shares of iShares MBS ETF in the third quarter worth approximately $30,000. Chris Bulman Inc bought a new position in iShares MBS ETF in the 2nd quarter worth $31,000. Rothschild Investment LLC purchased a new stake in iShares MBS ETF in the 2nd quarter worth $33,000. Godsey & Gibb Inc. bought a new stake in iShares MBS ETF during the third quarter valued at about $33,000. Finally, MeadowBrook Investment Advisors LLC lifted its position in shares of iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB opened at $92.50 on Friday. The business’s 50 day moving average is $93.26 and its 200 day moving average is $93.64. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were issued a $0.3074 dividend. The ex-dividend date of this dividend was Monday, December 2nd.

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).