Avidian Wealth Enterprises LLC Purchases 23,704 Shares of iShares MBS ETF (NASDAQ:MBB)

Avidian Wealth Enterprises LLC lifted its position in shares of iShares MBS ETF (NASDAQ:MBB) by 3.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 670,014 shares of the company’s stock after buying an additional 23,704 shares during the quarter. iShares MBS ETF makes up about 2.8% of Avidian Wealth Enterprises LLC’s holdings, making the stock its 5th largest position. Avidian Wealth Enterprises LLC owned about 0.17% of iShares MBS ETF worth $61,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Hobbs Group Advisors LLC increased its position in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after buying an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in shares of iShares MBS ETF during the third quarter valued at $30,000. Godsey & Gibb Inc. purchased a new stake in iShares MBS ETF during the 3rd quarter worth about $33,000. MeadowBrook Investment Advisors LLC raised its stake in iShares MBS ETF by 413.5% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after purchasing an additional 306 shares during the last quarter. Finally, Activest Wealth Management acquired a new position in iShares MBS ETF in the 4th quarter valued at about $58,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

iShares MBS ETF Stock Down 0.3 %

iShares MBS ETF stock opened at $91.95 on Wednesday. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The firm’s 50-day moving average is $91.98 and its two-hundred day moving average is $93.54.

iShares MBS ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.3414 per share. The ex-dividend date was Monday, February 3rd. This is a positive change from iShares MBS ETF’s previous dividend of $0.29.

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).