Modera Wealth Management LLC Purchases 439,400 Shares of iShares MBS ETF $MBB

Modera Wealth Management LLC purchased a new position in iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 439,400 shares of the company’s stock, valued at approximately $39,379,000. Modera Wealth Management LLC owned about 0.11% of iShares MBS ETF as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. 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 acquiring an additional 2,006,656 shares during the last quarter. Midland Wealth Advisors LLC increased its position 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 worth $286,481,000 after purchasing an additional 677,722 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares MBS ETF by 3.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after purchasing an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp raised its stake in iShares MBS ETF by 9.5% in the 1st 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 stake in iShares MBS ETF by 5.2% in the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock valued at $208,335,000 after purchasing an additional 108,361 shares during the last quarter. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Performance

NASDAQ:MBB opened at $92.05 on Friday. The company’s 50-day moving average is $91.20 and its two-hundred day moving average is $93.79. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3662 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. 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.

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).