Park Avenue Securities LLC Makes New Investment in iShares MBS ETF $MBB

Park Avenue Securities LLC purchased a new stake in iShares MBS ETF (NASDAQ:MBB) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 90,425 shares of the company’s stock, valued at approximately $8,104,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signature Equity Partners LLC grew its stake in iShares MBS ETF by 27.4% during the first quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after buying an additional 121 shares in the last quarter. Sunesis Advisors LLC raised its position in shares of iShares MBS ETF by 0.4% in the 3rd quarter. Sunesis Advisors LLC now owns 34,444 shares of the company’s stock valued at $3,087,000 after buying an additional 130 shares in the last quarter. Root Financial Partners LLC raised its position in shares of iShares MBS ETF by 16.7% in the 1st quarter. Root Financial Partners LLC now owns 966 shares of the company’s stock valued at $92,000 after buying an additional 138 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of iShares MBS ETF by 5.1% in the 2nd quarter. Squarepoint Ops LLC now owns 2,843 shares of the company’s stock valued at $269,000 after buying an additional 139 shares in the last quarter. Finally, TrueWealth Advisors LLC lifted its holdings in shares of iShares MBS ETF by 6.0% during the 2nd quarter. TrueWealth Advisors LLC now owns 2,528 shares of the company’s stock worth $239,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.2%

Shares of iShares MBS ETF stock opened at $91.41 on Thursday. The company has a 50 day moving average of $91.26 and a 200-day moving average of $93.82. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.

iShares MBS ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.3662 per share. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 annualized dividend and a yield of 4.8%. The ex-dividend date 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).