Verus Capital Partners LLC Makes New $867,000 Investment in iShares MBS ETF $MBB

Verus Capital Partners LLC acquired a new position in shares of iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,680 shares of the company’s stock, valued at approximately $867,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Asset Dedication LLC purchased a new position in shares of iShares MBS ETF during the third quarter worth about $61,000. Droms Strauss Advisors Inc. MO ADV acquired a new position in iShares MBS ETF in the 3rd quarter valued at about $1,107,000. LightSquare Wealth Management LLC raised its stake in iShares MBS ETF by 29.5% during the 3rd quarter. LightSquare Wealth Management LLC now owns 10,811 shares of the company’s stock valued at $969,000 after acquiring an additional 2,460 shares during the last quarter. Asset One Wealth Management LLC purchased a new stake in iShares MBS ETF during the 3rd quarter valued at approximately $1,173,000. Finally, Heritage Family Offices LLP raised its stake in iShares MBS ETF by 4.1% during the 3rd quarter. Heritage Family Offices LLP now owns 7,803 shares of the company’s stock valued at $699,000 after acquiring an additional 309 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $92.07 on Monday. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96. The stock has a 50 day moving average of $91.04 and a two-hundred day moving average of $93.69.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.3471 dividend. The ex-dividend date of this dividend was Monday, November 2nd. This represents a $4.17 annualized dividend and a yield of 4.5%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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).