DORVAL Corp Invests $625,000 in iShares MBS ETF $MBB

DORVAL Corp bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the second quarter, HoldingsChannel reports. The firm bought 11,610 shares of the company’s stock, valued at approximately $625,000.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC grew its stake in iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after purchasing an additional 1,104,895 shares in the last quarter. TIAA Trust National Association lifted its holdings in iShares MBS ETF by 2.5% during the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after buying an additional 646,390 shares during the last quarter. Morgan Stanley lifted its holdings in iShares MBS ETF by 4.1% during the 4th quarter. Morgan Stanley now owns 9,852,362 shares of the company’s stock worth $938,142,000 after buying an additional 383,629 shares during the last quarter. Renaissancere Holdings Ltd. grew its position in shares of iShares MBS ETF by 34.9% in the 3rd quarter. Renaissancere Holdings Ltd. now owns 3,852,431 shares of the company’s stock worth $366,559,000 after acquiring an additional 997,000 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of iShares MBS ETF by 3.9% in the 4th quarter. Stifel Financial Corp now owns 3,699,321 shares of the company’s stock valued at $352,249,000 after acquiring an additional 139,861 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

Shares of MBB stock opened at $92.66 on Friday. The business has a 50 day moving average of $93.45 and a two-hundred day moving average of $94.39. iShares MBS ETF has a 52 week low of $92.28 and a 52 week high of $96.96.

iShares MBS ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st will be given a $0.3388 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%.

About iShares MBS ETF

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).