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CIBC Private Wealth Group LLC Purchases 58,265 Shares of iShares MBS ETF $MBB
CIBC Private Wealth Group LLC increased its stake in iShares MBS ETF (NASDAQ:MBB) by 32.6% in the third quarter, acquiring an additional 58,265 shares and bringing its total holdings to 236,774 shares valued at $22,529,000. Other institutions like Bank of America Corp DE and JPMorgan Chase & Co. also significantly increased their positions in the ETF. The iShares MBS ETF recently announced a monthly dividend of $0.3278 per share, resulting in an annualized dividend yield of 4.1%.