439,200 Shares of iShares MBS ETF $MBB Purchased by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 439,200 shares of the company’s stock, valued at approximately $39,361,000. iShares MBS ETF accounts for 1.1% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 18th largest position. Avidian Wealth Enterprises LLC owned 0.11% of iShares MBS ETF at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Venture Visionary Partners LLC bought a new position in shares of iShares MBS ETF during the 3rd quarter worth $2,354,000. Wealth Enhancement Trust Services Inc. purchased a new stake in iShares MBS ETF in the third quarter worth about $66,000. Bangor Savings Bank purchased a new stake in iShares MBS ETF in the third quarter worth about $38,457,000. Rosenberg Matthew Hamilton grew its holdings in iShares MBS ETF by 748.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock worth $1,757,000 after acquiring an additional 17,292 shares in the last quarter. Finally, Tompkins Financial Corp bought a new position in iShares MBS ETF during the 3rd quarter worth about $71,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Trading Up 0.3%

Shares of NASDAQ:MBB traded up $0.30 during trading hours on Thursday, hitting $89.52. The company’s stock had a trading volume of 1,956,075 shares, compared to its average volume of 3,103,384. The firm’s fifty day moving average price is $92.01 and its 200 day moving average price is $93.52. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3662 dividend. This represents a $4.39 annualized dividend and a dividend yield of 4.9%. 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 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).