Verus Capital Partners LLC bought a new stake in iShares MBS ETF (NASDAQ:MBB – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 9,680 shares of the company’s stock, valued at approximately $867,000.
Several other institutional investors also recently made changes to their positions in MBB. Bangor Savings Bank acquired a new position in iShares MBS ETF during the third quarter worth about $38,457,000. Envestnet Asset Management Inc. increased its holdings in iShares MBS ETF by 6.9% in 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 buying an additional 2,006,656 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of iShares MBS ETF by 748.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock valued at $1,757,000 after acquiring an additional 17,292 shares during the period. Tempus Wealth Planning LLC acquired a new stake in shares of iShares MBS ETF during the 3rd quarter valued at approximately $1,170,000. Finally, Corient Private Wealth LP lifted its position in shares of iShares MBS ETF by 28.3% during the 2nd quarter. Corient Private Wealth LP now owns 786,118 shares of the company’s stock valued at $74,304,000 after acquiring an additional 173,525 shares during the period. 91.70% of the stock is currently owned by hedge funds and other institutional investors.
iShares MBS ETF Price Performance
Shares of NASDAQ:MBB opened at $92.07 on Monday. The business’s 50 day simple moving average is $91.04 and its 200-day simple moving average is $93.69. iShares MBS ETF has a 12 month low of $88.58 and a 12 month high of $96.96.
iShares MBS ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.3471 dividend. This represents a $4.17 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.
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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