Avidian Wealth Enterprises LLC Purchases 12,997 Shares of iShares MBS ETF (NASDAQ:MBB)

Avidian Wealth Enterprises LLC boosted its position in iShares MBS ETF (NASDAQ:MBB) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 646,310 shares of the company’s stock after purchasing an additional 12,997 shares during the quarter. iShares MBS ETF comprises approximately 2.8% of Avidian Wealth Enterprises LLC’s investment portfolio, making the stock its 6th largest position. Avidian Wealth Enterprises LLC’s holdings in iShares MBS ETF were worth $61,923,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MBB. St. Johns Investment Management Company LLC acquired a new position in shares of iShares MBS ETF during the 3rd quarter worth approximately $30,000. Chris Bulman Inc purchased a new stake in iShares MBS ETF in the 2nd quarter valued at $31,000. Godsey & Gibb Inc. acquired a new stake in shares of iShares MBS ETF in the 3rd quarter worth $33,000. Rothschild Investment LLC purchased a new position in shares of iShares MBS ETF during the 2nd quarter worth $33,000. Finally, PSI Advisors LLC boosted its position in shares of iShares MBS ETF by 2,289.5% during the 2nd quarter. PSI Advisors LLC now owns 454 shares of the company’s stock valued at $42,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Performance

iShares MBS ETF stock opened at $92.87 on Wednesday. The company has a 50-day moving average price of $94.87 and a 200 day moving average price of $93.23. iShares MBS ETF has a 12-month low of $87.87 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st will be given a dividend of $0.3099 per share. The ex-dividend date of this dividend is Friday, November 1st.

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).