Latitude Advisors LLC bought a new stake in shares of iShares MBS ETF (NASDAQ:MBB – Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,970 shares of the company’s stock, valued at approximately $894,000.
Several other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Midland Wealth Advisors LLC grew its stake in iShares MBS ETF by 26.9% during the 3rd quarter. Midland Wealth Advisors LLC now owns 3,196,616 shares of the company’s stock valued at $286,481,000 after purchasing an additional 677,722 shares during the last quarter. PNC Financial Services Group Inc. raised its position in iShares MBS ETF by 3.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock worth $294,959,000 after buying an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in iShares MBS ETF by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after purchasing an additional 201,354 shares during the last quarter. Finally, Sei Investments Co. raised its position in iShares MBS ETF by 5.2% during the first quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after acquiring an additional 108,361 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.
iShares MBS ETF Trading Up 0.0%
Shares of iShares MBS ETF stock opened at $91.55 on Wednesday. The firm has a 50-day simple moving average of $91.29 and a two-hundred day simple moving average of $93.84. iShares MBS ETF has a fifty-two week low of $88.58 and a fifty-two week high of $96.96.
iShares MBS ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.3662 per share. This represents a $4.39 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388.
iShares MBS ETF Company 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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).
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