20,504 Shares in iShares MBS ETF $MBB Purchased by Invariant Investment Management

Invariant Investment Management 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 20,504 shares of the company’s stock, valued at approximately $1,829,000. iShares MBS ETF accounts for 1.1% of Invariant Investment Management’s investment portfolio, making the stock its 14th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of MBB. Envestnet Asset Management Inc. grew its position in shares of iShares MBS ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after buying an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in shares of iShares MBS ETF in the third quarter valued at about $153,345,000. Rockland Trust Co. bought a new stake in shares of iShares MBS ETF in the third quarter valued at about $59,468,000. Avidian Wealth Enterprises LLC purchased a new stake in iShares MBS ETF in the third quarter worth about $39,361,000. Finally, Bangor Savings Bank purchased a new stake in iShares MBS ETF in the third quarter worth about $38,457,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Up 0.6%

iShares MBS ETF stock traded up $0.51 during midday trading on Thursday, hitting $89.73. 5,388,530 shares of the company’s stock were exchanged, compared to its average volume of 3,123,901. The firm has a 50-day moving average of $91.94 and a two-hundred day moving average of $93.49. 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 firm 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 boost 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).