UNIVEST FINANCIAL Corp Acquires 63,431 Shares of iShares MBS ETF $MBB

UNIVEST FINANCIAL Corp bought a new stake in iShares MBS ETF (NASDAQ:MBB) during the 3rd quarter, HoldingsChannel reports. The firm bought 63,431 shares of the company’s stock, valued at approximately $5,685,000.

Several other institutional investors have also modified their holdings of the stock. Bangor Savings Bank purchased a new stake in iShares MBS ETF during the 3rd quarter worth approximately $38,457,000. Envestnet Asset Management Inc. raised its holdings in shares of iShares MBS ETF by 6.9% during the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after acquiring an additional 2,006,656 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of iShares MBS ETF by 748.2% during the third quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock valued at $1,757,000 after acquiring an additional 17,292 shares during the last quarter. Tempus Wealth Planning LLC purchased a new position in shares of iShares MBS ETF in the third quarter valued at approximately $1,170,000. Finally, Advisory Solutions Group LLC purchased a new position in shares of iShares MBS ETF in the second quarter valued at approximately $2,878,000. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1%

Shares of NASDAQ:MBB opened at $91.11 on Thursday. The business’s 50 day moving average price is $90.95 and its 200-day moving average price is $93.63. iShares MBS ETF has a 1 year low of $88.58 and a 1 year high of $96.96.

iShares MBS ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors 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 4.6%. This is a decrease from iShares MBS ETF’s previous monthly dividend of $0.3662.

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). 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).