Principal Financial Group Inc. Takes $289,000 Position in iShares MBS ETF (NASDAQ:MBB)

Principal Financial Group Inc. acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the third quarter, HoldingsChannel reports. The fund acquired 3,021 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares MBS ETF by 12.7% during the second quarter. Envestnet Asset Management Inc. now owns 25,036,908 shares of the company’s stock valued at $2,298,639,000 after purchasing an additional 2,829,414 shares during the period. LPL Financial LLC boosted its stake in iShares MBS ETF by 6.9% during the 2nd quarter. LPL Financial LLC now owns 18,051,515 shares of the company’s stock valued at $1,657,310,000 after purchasing an additional 1,157,953 shares during the period. TIAA Trust National Association increased its position in iShares MBS ETF by 2.3% in the 2nd quarter. TIAA Trust National Association now owns 4,768,602 shares of the company’s stock valued at $437,805,000 after acquiring an additional 107,420 shares during the period. Allworth Financial LP increased its holdings in shares of iShares MBS ETF by 2.4% during the third quarter. Allworth Financial LP now owns 3,069,901 shares of the company’s stock valued at $294,127,000 after purchasing an additional 71,046 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MBS ETF by 1.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,835,063 shares of the company’s stock worth $260,287,000 after buying an additional 42,848 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB opened at $93.45 on Tuesday. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76. The stock’s 50 day moving average price is $93.94 and its 200 day moving average price is $93.46.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.3099 per share. The ex-dividend date of this dividend was Friday, November 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).