Invariant Investment Management Purchases 20,504 Shares of iShares MBS ETF $MBB

Invariant Investment Management acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) in the third quarter, Holdings Channel reports. The firm acquired 20,504 shares of the company’s stock, valued at approximately $1,829,000. iShares MBS ETF accounts for about 1.1% of Invariant Investment Management’s holdings, making the stock its 14th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Apella Capital LLC purchased a new position in shares of iShares MBS ETF in the 3rd quarter worth approximately $312,000. Avidian Wealth Enterprises LLC purchased a new stake in iShares MBS ETF during the third quarter valued at approximately $39,361,000. Venture Visionary Partners LLC purchased a new stake in iShares MBS ETF during the third quarter valued at approximately $2,354,000. Wealth Enhancement Trust Services Inc. acquired a new stake in iShares MBS ETF in the third quarter valued at approximately $66,000. Finally, Bangor Savings Bank acquired a new stake in iShares MBS ETF in the third quarter valued at approximately $38,457,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

NASDAQ MBB traded up $0.51 on Thursday, hitting $89.73. The stock had a trading volume of 5,388,530 shares, compared to its average volume of 3,123,901. The business’s fifty day moving average price is $91.94 and its 200 day moving average price is $93.49. iShares MBS ETF has a 52-week low of $88.58 and a 52-week high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.3662 per share. This is a positive change from iShares MBS ETF’s previous monthly dividend of $0.3388. The ex-dividend date was Thursday, October 1st. This represents a $4.39 annualized dividend and a yield of 4.9%.

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).