Avidian Wealth Enterprises LLC Buys New Position in iShares MBS ETF $MBB

Avidian Wealth Enterprises LLC purchased a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 439,200 shares of the company’s stock, valued at approximately $39,361,000. iShares MBS ETF makes up about 1.1% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors have also recently made changes to their positions in MBB. Shelter Ins Retirement Plan purchased a new stake in iShares MBS ETF in the second quarter valued at about $12,335,042,000. Envestnet Asset Management Inc. increased its holdings 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 in the last quarter. PNC Financial Services Group Inc. raised its position in shares of 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 boosted 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 worth $219,783,000 after purchasing an additional 201,354 shares in the last quarter. Finally, Sei Investments Co. boosted 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 worth $208,335,000 after purchasing an additional 108,361 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.3%

NASDAQ:MBB traded up $0.30 during trading hours on Thursday, hitting $89.52. 1,956,075 shares of the company were exchanged, compared to its average volume of 3,103,384. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96. The company’s 50 day moving average price is $92.01 and its 200-day moving average price is $93.52.

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 issued 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 4.9%. The ex-dividend date of this dividend was Thursday, October 1st.

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).